CBOT appoints new head of business and product development

"One of the Chicago Board of Trade's top priorities is to realign the exchange and become a more product-oriented business, which will lead to more trading volume and increased liquidity," said CBOT president and chief executive David Vitale, who was commenting on Reiner's appointment.

The CBOT saw its second highest trading volume last year, and is looking to build further business with new products, Vitale added.

Reiner was most recently in sales and marketing at Nstein Technologies, a Montreal-based information content management software provider. Prior to that he held senior positions in commodity derivatives, foreign exchange sales technology and marketing at a number of global banks.

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