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"Michael Allara, Chicago Trading Company's CFO for the past eight years, doesn't pull any punches. He's actively expanding the way CTC uses financial information …"

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The Rise of Modern IT Leadership

"Michael Allara, Chicago Trading Company's CFO for the past eight years, doesn't pull any punches. He's actively expanding the way CTC uses financial information, but freely admits he doesn't want any part of helping IT defend their judgment calls about new technologies. Read on to hear why he's excited to see CIOs using IT data to define priorities and provide context for decision-making."

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"When we implemented Textio Hire, we immediately saw how the software supported our team-oriented culture. Now we could easily have recruiting and hiring managers ..."

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CTC uses innovation tool to promote collaborative culture

Brad Marsh and Jessica De Maria
CIO and Recruiting Coordinator

"We value and are known for our ability to work collaboratively. Prior to using Textio, both the hiring managers and recruiting would work together, but lacked a true process to support it. And unfortunately, that left us with a lot of inconsistencies in our job descriptions. When we implemented Textio Hire, we immediately saw how the software supported our team-oriented culture. Now we could easily have recruiting and hiring managers collaborate on job posts in the platform. It made it so easy for people to work together on a job post to get the best results."

"Since using Textio our job postings look better. They read better. People respond to them better. In some cases, it’s helped us clarify one role versus another because it cleaned up our writing a little bit. We think about what we are really trying to say."

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Chicago Trading Company is excited to announce that, upon completion of our six‐month apprenticeship program, Code Platoon graduate John Cibula will join CTC full‐time as an Associate Software Engineer.

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A Story of Personal Commitment & Passion

Chicago Trading Company is excited to announce that, upon completion of our six‐month apprenticeship program, Code Platoon graduate John Cibula will join CTC full‐time as an Associate Software Engineer.

John was the first apprentice to join us as part of a partnership Code Platoon, a Chicago‐based nonprofit that provides developer boot camps for U.S. military veterans. John completed Code Platoon’s immersive 14‐week program in May 2017 and joined CTC as an apprentice in June of this year.

“In partnering with Code Platoon we hoped to work with smart, motivated, mature team players who fit our culture,” says Brad Marsh, CTC’s Chief Information Officer. “John has been all of that, plus a talented engineer. We’re thrilled to welcome him to our team.”

CTC developed and evolved its apprenticeship program to help Code Platoon graduates deepen their programming skills through on‐the‐job skill development. As the first apprentice, John completed a six month project, received formal training in our coding languages, worked closely with a mentor and received regular feedback.

“Any company that wants to start an apprenticeship program would do well to look to CTC as a model,” says Code Platoon Executive Director Rodrigo Levy. “They made an extraordinary effort to design and adjust their program and process in order to onboard a Code Platoon graduate. John’s success is a reflection of CTC’s commitment to our veterans.”

In January, CTC will welcome a new Code Platoon into its apprenticeship program, marking a new phase in what both CTC and Code Platoon hope will be a long and fruitful collaboration.

A group of leading financial-services professionals recently named Chicago Trading Company's Lauren Rauch a 'Rising Star,' an award recognizing the most talented and accomplished women in the industry.

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CTC's Lauren Rauch a 'Rising Star'

A group of leading financial-services professionals recently named Chicago Trading Company's Lauren Rauch a 'Rising Star,' an award recognizing the most talented and accomplished women in the industry.

Lauren, our Global Head of Risk Management, was recognized at the third annual “Markets Choice Awards: Women in Finance” luncheon held in New York on November 7. The event convened hundreds of investors, executives, traders and other market professionals.

During her 15 plus years with CTC, Lauren has routinely demonstrated how valuable women’s contributions can be in an industry long dominated by men.

“I’ve always felt a part of CTC and that my contributions really mattered and were highly valued, from my first day on the trading floor through starting my family and, now, in a leadership role,” Rauch said. “This award validates that – and I’m grateful for the continued support and opportunity to make a difference at CTC.”

Eric Chern, CEO of the CTC Trading Group, said it was an honor to have one of the firm’s own celebrated along with some of the most esteemed women working in the financial markets.

“This award acknowledges what we’ve known around here for quite a while: that Lauren is a leader in our firm and in our industry, exemplifying the best of what CTC is all about,” he said.

The Women in Finance luncheon was part of the Global Markets Summit at Markets Media Week. Candidates were selected based on interviews with colleagues, customers and competitors, as well as submissions from Markets Media subscribers. An advisory board made the final selections.

CTC has partnered with Code Platoon, a Chicago-based non-profit program that provides developer boot camps for U.S. military veterans.

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Supporting Veterans with Tech Training

CTC has partnered with Code Platoon, a Chicago-based non-profit program that provides developer boot camps for U.S. military veterans.

Code Platoon transforms veterans into software developers, teaching its students full-stack development in an immersive, 20-week program. Graduates of the program emerge with training that makes them eligible for paid internships and full-time employment as web developers.

As a Code Platoon partner, CTC has committed to hiring students into our apprenticeship program.

Chicago Trading Company is strongly committed to diversity and inclusion.

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Careers for Women in Proprietary Trading

In an industry historically dominated by men, Chicago Trading Company is strongly committed to diversity and inclusion. Illustrating that commitment, we held the Women in Proprietary Trading event in our Chicago offices on August 15th. We invited female college students interested in this sector of the finance industry.

The students heard from a handful of successful CTC team members who described the firm’s work, its unique culture, the company’s professional opportunities and our workplace benefits. One speaker, Lauren Rauch, began as a trader at CTC more than 15 years ago. She is now a Partner and the firm’s Global Head of Risk Management.

In her remarks, Lauren shared her insights about women in trading, “I have friends that work in different industries that I know would make good traders. I find it troubling that more women don’t pursue this industry, because it makes for an interesting, challenging, and rewarding career.”

Steve Crutchfield, CTC’s Head of Market Structure, kicked off the event with a welcome speech. He explained what CTC does and the important role that market making plays in the health of our financial system.

“The Trading industry presents new challenges every day,” Crutchfield said. “And everyone at CTC is eager to learn. We believe our collaborative, team-based culture is unique among trading firms.”

Jennifer Paik Chung, CTC’s Director of Technology Business Management, spoke about careers for women in proprietary trading and technology. She began her journey in Financial Services 25 years ago – “Back then, there were very few women in this business and firms were far less welcoming to women. Today, commitment to diversity and inclusion is at an all-time high,” she said. As for advice, Chung encouraged women at the event to: “find a company that matches your values, take on new – even risky – challenges, and be the best at what you do.”

The event also included a panel discussion featuring CTC employees describing what they liked most about working at CTC and some practical career advice for women interested in a career in Proprietary Trading.

CTC looks forward to hosting additional Women in Finance Events in the coming months.

Mel Williams, Jr. has joined Chicago Trading Company (CTC) as its Chief Legal Officer.

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People on the Move

Mel Williams, Jr. has joined Chicago Trading Company (CTC) as its Chief Legal Officer. In this new role, Williams will lead the company's Legal and Compliance departments. He joins CTC from the U.S. Small Business Administration, where he served as General Counsel.

As reported in the Marian Monitor Summer 2017 issue, CTC options trader and Marian High School alum, Tina Deneweth Murphy, spoke to students...

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Stem at Marian

As reported in the Marian Monitor Summer 2017 issue, CTC options trader and Marian High School alum Tina Deneweth Murphy spoke to students, faculty, alumnae and parents as part of STEM Week.

Murphy presented on the foundations of trading, CTC’s areas of expertise, and how to prepare for a career in the industry. Additionally, she shared personal lessons learned as a female working in a male dominated industry. Murphy and CTC would love to see some of the MHS students in a future college internship class.

CTC's commitment to citizenship means we invest in the places where we live and work.

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Autism Speaks Event

CTC's commitment to citizenship means we invest in the places where we live and work. That takes many forms, including collaborations between our team and the non-profits near to our hearts in pursuit of authentic and lasting impact.

One of those, Autism Speaks, is dedicated to promoting solutions, across the spectrum and throughout the lifespan, for the needs of individuals with autism and their families. It does that through advocacy and support, increasing understanding and acceptance, and advancing research into causes and interventions.

CTC has participated in the annual Autism Speaks Walk for several years and the firm's 2017 team was once again among the top three donors. We believe in Autism Speaks' vision: "our strength as a community is powered by love and built on the commitment of individuals." And we look forward to coming together again in 2018 to enhance the lives of people living with autism.

CME Group, the world's leading and most diverse derivatives marketplace, today announced that starting July 10, 2017, CME Group will launch both futures and options ...

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Russell 2000® Index Futures and
Options to Return to CME Group

CME Group, the world's leading and most diverse derivatives marketplace, today announced that starting July 10, 2017, CME Group will launch both futures and options based on the Russell 2000® Index, as well as basis trade at index close (BTIC) functionality on the futures contracts, pending regulatory approval.

The full list of new contracts available to trade follows:

  • E-mini® Russell 2000® Index Futures
  • Options on E-mini® Russell 2000® Index Futures
  • Weekly Options on E-mini® Russell 2000® Index Futures
  • Options on E-mini® Russell 2000® Index Futures - End-of-Month
  • E-mini® Russell 2000® Growth Index Futures
  • E-mini® Russell 2000® Value Index Futures

"We're pleased to bring the Russell 2000® index back to CME Group where traders will now be able to access major equity indices on a single platform," said Tim McCourt, CME Group's Global Head of Equities. "Offering these new products at CME Group will provide our customers a more cost-effective opportunity for global exposure using futures and options, with margin offsets of up to 70 percent against the S&P 500, Nasdaq and Dow Jones indices."

The Russell 2000® Index is the standard recognized benchmark measuring the performance of the small-cap segment of the U.S. Stock Market. With the growing popularity of passive investing, indexing data has become more valuable for investors. In August 2015, CME Group and London Stock Exchange Group announced a partnership to list derivatives contracts based on Russell indexes.

"We are excited to continue providing robust liquidity in Russell 2000® options as they transition to CME Group's platform," said Frank Bednarz, Global Co-Head of Trading, CTC Trading Group, L.L.C. "These are powerful tools for investors seeking to manage risk in the important small-cap segment."

"Equity Index futures and options are among the top products traded by our futures clients," said Dan Ryba, Vice President of Futures Brokerage at E*TRADE. "We look forward to CME Group offering the Russell 2000® futures and options, which further complements their equity offering."

"As a trader, having the Russell 2000® at CME Group provides me with cost efficiencies and greater flexibility to trade against other index products like the Dow and S&P," said professional trader Morad Askar of FuturesTrader71.com. "I'm glad to see it will be trading on CME Group in July and look forward to trading the contract."

CME Group's new Russell 2000® Index futures and options products are an efficient hedge to cash index options, with the choice of flexible execution through BTIC. Through greater certainty and precision, and enhanced flexibility, BTIC trades can mitigate jump risk and re-establish equity index exposure.

E-mini® Russell 2000® Index futures and options, E-mini® Russell 2000® Growth Index futures and E-mini® Russell 2000® Value Index futures will be listed by and subject to the rules and regulations of the Chicago Mercantile Exchange. For more information, please visit www.cmegroup.com/russell2000.

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. Through its exchanges, CME Group offers the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. CME Group provides electronic trading globally on its CME Globex platform. The company also offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives through its clearinghouses, CME Clearing and CME Clearing Europe. CME Group's products and services ensure that businesses around the world can effectively manage risk and achieve growth.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex and E-Mini® are trademarks of Chicago Mercantile Exchange Inc. Chicago Board of Trade (CBOT), and Kansas City Board of Trade (KCBT) are trademarks of Board of Trade of the City of Chicago, Inc., New York Mercantile Exchange (NYMEX) and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc.  Russell 2000® is a trademark and service mark of the Frank Russell Company, used under license.  All other trademarks are the property of their respective owners.

CS CAREER FAIR

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CTC is coming to the Booth!

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