Richard Heckinger was formerly Vice President and Senior Policy Advisor, Financial Markets Group, at the Federal Reserve Bank of Chicago, and is presently a Contributing Editor to Central Banking Journal, as well as an Associate Editor of The Journal of Financial Market Infrastructures. He is also a member of the Editorial Advisory Board of the Global Commodities Applied Research Digest. He started his career in financial markets at the Chicago Board Options Exchange in 1973. His career has included executive management of financial market operations and risk. He has a wide range of international experience including positions in Montreal, London, Hong Kong, Boston and Chicago. He has served on international committees, including a Federal Reserve Bank of New York working group, the OTC Derivatives Regulators' Forum, SWIFT, and the International Securities Services Association. He has an MPhil degree in economics from the London School of Economics, a BA degree in mathematics from the Illinois State University, and completed the Advanced Management Course at the University of Chicago.