Bloomberg reports that Ray, a native of Chicago, moved to London in 2009 and was working to open a futures market called CME Europe prior to his death. He was previously a managing director responsible for CME Group’s strategy and sales in Europe, the Middle East, Africa and Latin America.
He joined CME Group, now the world’s largest exchange by market value, when it bought CBOT Holdings in 2007. He’d been instrumental in the transaction, which merged the Chicago Mercantile Exchange and Chicago Board of Trade.
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