CME Group Names Michael C. Prokop as Managing Director, Energy Products
HOUSTON, Sept. 16 /PRNewswire-FirstCall/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has named Michael C. Prokop as Managing Director, Energy Products. With 25 years of global energy financial services experience, Prokop will be responsible for advancing the company's growth strategy for its energy business line. He will be based in Houston and will report to Joe Raia, Managing Director, Energy and Metals Products.
Prokop, 48, joins CME Group from Amerex Energy, a leading over-the-counter energy broker, where he was responsible for the oversight and development of the company's futures and clearing operations, data business and regulatory affairs. He also held leadership roles at FuturesSource, Gull Energy Finance Corporation and Eastbrook Futures, all based in Houston, and Merrill Lynch Futures based in New York.
Prokop has served on the CFTC's Energy and Environmental Market Advisory Committee and the Committee of Chief Risk Officers. He serves on the Board of Directors of the Global Energy Management Institute at The University of Houston's C.T. Bauer School of Business. Prokop earned a bachelor's degree in economics from the University of Rhode Island.
Additional information about CME Group energy products is available at http://www.cmegroup.com/trading/energy/.
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (Nasdaq: CME) and its products can be found at www.cmegroup.com.
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SOURCE CME Group
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