Lehman began his career working for the CFTC as an industry economist in 1986. He worked there for three years before moving to the Chicago Board of Trade in 1989. He stayed at the company for over 25 years, and became the director for Commodity Research and Product Development in 2007, when CBOT merged with CME to form CME group. In 2010, he became managing director of commodity research and product development.
John Lothian News Interview, August 2016
Futures markets exist primarily as a risk management tool for participants. As such, a futures contract is most effective if and when it reflects the fundamentals in the underlying cash market. On August 5, 2016, CME Group announced several changes to its live cattle futures contracts to do just that.
John Lothian News spoke with Dave Lehman, managing director of commodity research and product development at CME Group, about the changes which, pending CFTC approval, will go into effect later in August 2016.
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