CME Group Appoints John Ricci as Managing Director & Global Head of AP

CME Group announced the appointment of John Ricci as managing director and global head of agricultural products on June 3, 2024. CME Group is a derivatives marketplace offering multiple global benchmark products. 

About John Ricci’s Appointment as Managing Director

John Ricci has an extensive career in the financial and agricultural sectors. Before joining CME Group, he held significant leadership roles with a consistent track record of driving growth and innovation. His previous positions include senior roles in top financial institutions and agricultural companies, where he was responsible for strategic development and operational excellence.

Roles And Responsibilities

John Ricci will oversee CME Group’s agricultural products division. He will focus on strategic growth and innovation and lead efforts to expand product offerings, enhance market efficiency, and better serve clients in the agricultural sector. Ricci aims to drive growth in CME Group’s agricultural portfolio by introducing new products and services, improving market access, and leveraging advanced technologies.

Benefits For Traders

This appointment will offer multiple benefits to traders and investors:

Product Offerings

John Ricci’s experience and vision will introduce new derivative products tailored specifically for the agricultural sector. Traders and investors will have more options to diversify their portfolios and hedge against market volatility effectively.

Market Access

Ricci aims to leverage advanced technologies to enhance market access for agricultural traders. It will streamline the trading process, reduce barriers to entry, and provide more efficient ways to engage with the market.

Market Efficiency

CME Group will implement initiatives with Ricci that will enhance market efficiency. It includes improving the speed and reliability of transactions. It can offer better price discovery and lower transaction costs.


Ricci will expand product offerings and improve market infrastructure, increasing trading volumes and liquidity in the agricultural products market. Higher liquidity means tighter bid-ask spreads, more stable prices, and easier execution of large trades.

Client Services

Ricci will act on client needs and market demands to improve CME Group’s client services. It includes better support, more educational resources, and tailored services. It will help traders and investors make more informed decisions and optimise their trading strategies.

About CME Group

CME Group is one of the world’s leading and most diverse derivatives marketplaces. It offers innumerable futures and options products for risk management. Its exchanges — CME, CBOT, NYMEX, and COMEX — provide multiple global products across all major asset classes. It includes futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather, and real estate. It has a long history of innovation and leadership in agricultural markets. CME Group simplifies price discovery and risk transfer, making the global financial system more stable and efficient. 

Future Prospects

Under John Ricci’s appointment as managing director, CME Group will continue innovating in agricultural products. Ricci will drive developments in this sector.CME Group is well-positioned to deliver superior value to its clients through innovation and strategic growth.

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