He will report to John Labuszewski, Managing Director, CME Research and Product Development, and will focus on development of new products.
Nyhoff, 51, has over 20 years of experience in the global financial services industry. He most recently served as Executive Vice President and Co-Chief Operating Officer for Tokyo-Mitsubishi Futures, Inc., the futures subsidiary of Japan’s largest bank. He worked for Tokyo-Mitsubishi since 1988, holding a variety of roles responsible for strategic planning, economic analysis, marketing and electronic trading. He served as Senior Vice President, Trading & Research from 1997-2003 and Vice President & Chief Economist from 1988 – 1996. He also worked as an Options Specialist for SECTREND, a futures commission merchant that became part of Tokyo-Mitsubishi. Nyhoff also served as Vice President for Refco, Inc. from 1986-88 where he was responsible for recruiting new customers to derivatives trading. He began his career as Senior Financial Economist for The Chicago Board of Trade from 1983-86.
Nyhoff earned a bachelor’s degree in economics from DePaul University, a master’s degree in economics from Northern Illinois University and a master’s degree in financial economics from Simon Graduate School of Business at the University of Rochester. He has worked as a business statistics instructor at Northern Illinois University and has co-authored a number of publications, including Trading Options on Futures (John Wiley & Sons, 1988) and Trading Financial Futures (John Wiley & Sons, 1988). Chicago Mercantile Exchange Inc. (www.cme.com) is the world’s largest and most diverse futures exchange. As an international marketplace, CME brings together buyers and sellers on CME Globex electronic trading platform and on its trading floors. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved an average of $1.4 billion per day in settlement payments in 2005 and managed $45.8 billion in collateral deposits at Dec. 30, 2005, including $3.2 billion in deposits for non-CME products. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE, NASDAQ: CME), which is part of the Russell 1000® Index. Chicago Mercantile Exchange, CME and Globex are registered trademarks of Chicago Mercantile Exchange Inc. Other trade names, service marks, trademarks and registered trademarks that are not proprietary to Chicago Mercantile Exchange Inc. are the property of their respective owners, and are used herein under license.
