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Foreign Exchange

CME Group loses FX head

Roger Rutherford has left his position as global head of FX products at CME Group, the world’s largest futures exchange.

Rutherford, who was based in London, left the firm on Thursday and had been in the role at the exchange since December 2010. He departed to pursue other interests, the firm says. Previously, Rutherford was head of product management at CLS, before which he spent 10 years at EBS, Icap’s electronic FX platform.

Rutherford had been expected to spearhead CME’s FX offering, as looming regulation pushed more currency trading on to exchanges. Indeed, in March, he struck an upbeat tone, telling EuromoneyFXNews there was increasing interest from the world’s leading FX banks to access CME liquidity.

Rutherford reported to Chicago-based Derek Sammann, senior managing director at CME Group who will continue to oversee interest rates and FX at the firm.

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