“Jeff possesses a great breadth and depth of experience in fixed income and interest rate markets, and his extensive knowledge of our client base will be a great asset to us as we work to grow our market share of interest rate options products traded on CME® Globex®,” said CME CEO Craig Donohue. “With strong overall growth in options and strong electronic markets, CME has a solid base further to expand its electronic options markets and remain the world’s largest exchange-traded interest rate options market.”
“We want to continue the momentum in our options products that we experienced last year in our CME Eurodollar futures products, when volume grew from 10 percent electronic in January 2004 to 70 percent electronic by year-end,” added Ross. “CME Eurodollar options products are primarily pit-traded today, and our volume is already growing at a tremendous rate. In March average daily volume was 834,000 contracts, up 91 percent over year-ago levels. The integration of our Enhanced Options System into CME Globex in the third quarter of 2005 will further this growth by providing our Eurodollar options clients the efficiencies of electronic trading. “
The CME Eurodollar contract is the most actively traded futures contract in the world. Average daily volume of CME Eurodollar futures on CME Globex in the first quarter grew to 1.1 million contracts, up from 153,000 contracts per day in first-quarter 2004, and averaged a record 1.2 million contracts a day in March. On April 1, CME Eurodollar contracts traded electronically surpassed 2.4 million contracts, a new single-day record, overtaking the previous record of 2.1 million contracts set in March.
Kilinski, 46, previously served as a Vice President for Lehman Brothers, Inc. where he was responsible for sales of futures, derivatives, treasuries, agencies and other fixed income products. He specialized in interest rate futures and options on futures sales at Lehman Brothers and at J.P. Morgan Futures, Inc. where he served as a Vice President from 1993-2002. Kilinski also worked as an asset manager for Jones Lang Wootton Realty Advisors in New York City, where he managed a $250 million real estate portfolio, and for Homart Development Company in Chicago. He is a Series 7, Series 3 and Series 63 registered representative.
Kilinski also served as a Captain in the United States Air Force. During his military service, he managed acquisition and production programs.
He earned a bachelor’s degree in aerospace engineering from the University of Notre Dame and an MBA degree in finance and policy from the University of Chicago.
