Professor Gorham, an US citizen, is Director of the IIT Center for Financial Markets, Stuart Graduate School of Business, Illinois Institute of Technology. He currently serves on the CBOE Futures Exchange Board of Directors, the National Futures Association’s Business Conduct Committee, the Editorial Board of the GARP Risk Review, and the Editorial Board of the Futures Industry Association. He is also Regional Director for Chicago of the Global Association of Risk Professionals. Mr. Gorham had also served as the first director of the Commodity Futures Trading Commission’s new Division of Market Oversight, a division of over 100 economists, lawyers, futures trading specialists and others dedicated to the oversight over 12 futures exchanges in the US. He also served for 18 years in various management capacities at the Chicago Mercantile Exchange.
“We are extremely happy to have a person of the stature and experience of Mr. Gorham with us. He brings with him many years of having worked in the largest of commodity markets in the world – both at the exchange as well as from the regulatory side. He joins us during the period when the commodity futures markets in the country are witnessing rapid growth and when the Exchange itself is in the exciting growth phase. His versatile experience, especially in market watch, surveillance and risk management systems would be a great asset for the Exchange in particular and the industry in general”, said Mr. P. H. Ravikumar, Managing Director and Chief Executive Officer of NCDEX.
Commenting upon his appointment, Mr. Gorham said “I am extremely pleased to be a Director of the growing and progressive institution like NCDEX which has been making a mark both in India and overseas. While the position would enable me to contribute towards internalizing the best practices of exchanges overseas into NCDEX, the appointment affords me the opportunity to be a part of the exciting market in this part of the world.”
NCDEX is an on line national level multi commodity exchange which commenced operations in December 2003. It currently offers 46 commodities for futures trading, has 750 members and 8,150 users who connect to the Exchange from as many as 700 centres spread across the length and breadth of the country.
