CME taps Sears to run forex business

The Chicago Mercantile Exchange (CME), currently the world’s third-largest derivatives exchange by volume, has appointed Richard E. Sears to a new position as managing director in charge of managing the CME’s foreign exchange business.

Sears will oversee CME’s foreign exchange daytime electronic trading and open outcry trading. Daytime electronic foreign exchange trading was launched at the CME in March, and volumes have been growing on CME’s futures and options on futures on the euro, Japanese yen, Canadian dollar, Swiss franc, and other currencies.

Before joining CME, Sears was a managing director in foreign exchange for the Bank of America in San Francisco. Sears will report to Satish Nandapurkar, head of products and services at CME.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here