Perhaps signalling its intention to become more than a niche player, ICE Futures US has hired the extremely experienced Ray McKenzie as vice-president, responsible for marketing its Russell Index, soft commodity and currency products.
McKenzie spent a long time at Morgan Stanley, specialising in arbitraging between cash and futures, before he joined the CME and played a major role in reviving the exchange’s then-dormant currency futures. He subsequently made a brief return to Morgan Stanley.