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McDonnell Speaks to CME Mary M. McDonnell, President and Chief Executive Officer of Geneva Trading, USA, LLC spoke at the Chicago Mercantile Exchange’s (CME) All Employee Meeting in Chicago. A 25-year veteran of the futures industry and one of the foremost experts on exchange operations, Ms. McDonnell lauded the CME for its "innovation and flexibility to grow their new electronic markets." In first quarter 2005, about 20% of Geneva Trading's total volume was done on the CME, a 50% increase over 2004. Ms. McDonnell also added that CME has been quick to respond to the needs of customers like Geneva Trading. And she said CME recognizes the fast changing environment of the derivatives industry "by providing enhanced trading opportunities for their customers." Ms. McDonnell also urged the exchange to create a personalized relationship with its customers, provide prompt responses to messages and show gratitude for the business customers bring to the exchange. She also reminded CME that it must continue to be mindful of price and costs incurred by customers. Prior to joining Geneva in April 2003, she served as Senior Vice President at the Chicago Board of Trade (CBOT), responsible for all electronic trading.
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