CBOT Names Bakas Managing Director Of Financial Market Dev. - CBOT Names Thomas J. Bakas Managing Director Of Financial Market Development

The Chicago Board of Trade (CBOT®) today announced the appointment of Thomas J. Bakas as Managing Director of Financial Market Development for the Exchange. In this newly created position, Mr. Bakas’ primary role will be directing the Exchange’s marketing efforts in product and client development. He will report to Robert D. Ray, Senior Vice President of Business Development.

“Tom’s skill in managing client and customer relations and his depth of knowledge and diverse experience in the futures industry make him a welcome addition to the Exchange. I am confident Tom will provide a significant contribution to the growth of the CBOT and value to our clients,” said Mr. Ray.

“It is a thrill to be a part of the CBOT management team. What attracted me to the Chicago Board of Trade is its long, rich history and strong emphasis on strength, innovation and transparency. I share the CBOT’s commitment and dedication to customer service and look forward to further enhancing the CBOT customer experience," said Bakas.

Mr. Bakas, age 47, joins the CBOT from Eurex/EurexUS, where he was responsible for relationship management for US-based Eurex and EurexUS members. Prior to joining EurexUS, Bakas held positions at Merrill Lynch & Co., including Vice President of Global Client Services in New York and Vice President of Global Execution Services in Chicago.