CHICAGO, June 3, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced the appointment of John Ricci as Managing Director and Global Head
of Agricultural Products.
Reporting to Derek Sammann,
Senior Managing Director and Global Head of Commodities Markets,
Ricci will be responsible for leading the development, execution
and management of the exchange's agricultural business globally. He
will be based in Chicago.
"We are pleased to welcome John to CME Group," said Derek Sammann, Senior Managing Director and
Global Head of Commodities Markets. "Our benchmark agricultural
products play a vital role in the global economy, helping our
customers manage risk as increasing uncertainty continues to drive
record activity in our agricultural markets. John has a strong
background in working with institutional clients across commodities
and ETF markets, which will be an asset as we build upon the strong
foundation of our robust commercial and end-user customers to
further expand our client base in these essential markets."
Ricci has 25 years of experience in derivatives markets, most
recently serving as Global Head of ETF Trading at Invesco, where he
led the team responsible for all equity and alternative trading for
the global ETF business. Prior to that, Ricci was responsible for
equity trading across developed, emerging and frontier markets,
along with commodity trading for the mutual fund and ETF complex at
BlackRock.
2023 was a record volume year across the agricultural futures
and options complex, reaching ADV of 1.5 million. These trends have
continued into 2024, with agricultural product ADV achieving double
digit growth in April 2024, reaching
1.8M, a 16% increase
year-over-year.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group