CME Group Names Joanne Shannon as Head of Commercial Development

CME Group (NASDAQ: CME), one of the world’s largest derivatives marketplace, has appointed Joanne Shannon as its newest Executive Director and Head of Commercial Development across its European operations.

In her new role as the Executive Director and Head of Commercial Development of CME Europe, its London-based derivatives Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, she will be tasked with developing and managing the group’s sales strategy, whilst expanding its infrastructure around CME Europe's trading, clearing, and various reporting capabilities.

In this capacity she will be reporting to Cees Vermaas, Managing Director and CEO of CME Europe. According to Vermaas, in a recent statement on the appointment, "We are very pleased to welcome Joanne to CME Group in this critical role supporting our expansion across Europe.”

"Since its launch in April 2014, CME Europe has made considerable strides in building out its suite of contracts and has established itself as an innovator across multiple asset classes including FX, Energy and Agricultural Commodities. Joanne's extensive knowledge of the derivatives industry and market structure in Europe will be a tremendous boost to the platform as we continue to extend our offering in the region," Vermaas added.

Ms. Shannon joins CME Europe from NYSE Euronext, having worked for nearly fifteen years across a number of senior roles for the operator, namely its European and Asian Liffe markets. Additionally, she also worked at the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (LSE).

Earlier this month, CME Group made headlines after it reported its September 2015 volumes, which came in largely weaker when weighed against its 2014 counterpart.