Scott Gordon

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Scott Gordon
Scott Gordon 2017.JPG
Occupation Chairman & CEO
Employer Rosenthal Collins Group LLC
Location Chicago
Website www.rcgdirect.com

Scott Gordon is the chairman and chief executive officer of Rosenthal Collins Group LLC, an independent futures clearing firm. Gordon was named chairman in September 2007 after having served as CEO and president since 2004.[1][2]

His civic affiliations include current and recent positions on the boards of Heshima Kenya, the Chicago Council on Global Affairs, the Greater Chicago Food Depository and Econ Illinois.

Background

Before joining RCG, Gordon was the president and chief operating officer of Tokyo-Mitsubishi Futures, a wholly owned subsidiary of The Bank of Tokyo-Mitsubishi, Ltd.

From 1998 to 2002, Gordon was chairman of the Chicago Mercantile Exchange, elected by the board of directors. During his tenure he guided the CME through the development and execution of a strategic plan that transformed the exchange from a mutual membership organization[3] to a for-profit stock corporation, the first U.S. financial exchange to take this step. In 2003, reports postulated that Gordon was ousted as CME chairman because he pushed electronic trading too hard.[4][5]

Also at the CME, Gordon served as a member of the board of directors from 1982 to 2004.[6] He was a member of the strategic planning committee at the CME that gave birth to Globex.[7] He also served as treasurer of the CME Political Action Committee.[8]

During his 40 year career in the futures industry, Gordon has been a trader, a floor broker, a clearing firm executive and an exchange official. From 1974 to 1983, he held various trading and management positions with Rosenthal & Co., (which later merged with Collins Commodities to become Rosenthal Collins) and from 1983 until 1988, he held similar positions at Dellsher Investment Company.[9]

From 1989 to 2004 he served in senior executive roles with Tokyo-Mitsubishi Futures and its predecessor firms. He is a former member of the CME, as well as the Chicago Board of Trade and the Chicago Board Options Exchange. Gordon was a founding board member of OneChicago, and also served on the board and executive committee of the National Futures Association (NFA).

Gordon was a trustee of the Institute for Financial Markets. He is a member of the risk committee of ICE Clear U.S. [10]

Education

Gordon received a bachelor of science degree in mathematics, cum laude, from Union College in Schenectady, New York.[11]

Video

John Lothian News Interviews

Daily Reports: Tell Us Where The Money Is
In the months and days since MF Global’s collapse and the Peregrine Financial Group’s fraud, some have argued simply for more transparency from futures commission merchants (FCMs). Scott Gordon, chairman and CEO of Rosenthal Collins Group, said his firm publicly discloses how customer funds are being invested and held by the firm.

In Rosenthal Collins' case, the firm reports its cash deposits held at US banks, funds held in US Treasury securities, as well as its how much is being held by clearing houses and clearing brokers and US banks. This type of transparency could be the difference in building customer trust or losing it. Published Feb. 12, 2013.[12]

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Testimony

References

  1. RCG Embarks on Stragetic Growth Initiative; CEO Scott Gordon Adds Chairman Title, Maureen Downs Promoted to President. Rosenthal Collins Group LLC.
  2. Gordon takes over Rosenthal-Collins. Futures Magazine.
  3. Organization Profile: Chicago Mercantile Exchange Inc.. Chicago Mercantile Exchange.
  4. Chicago Mercantile Exchange ousts Chairman Gordon. Reuters via Elite Trader.
  5. CME Replaces Chairman With Trader Who Could Seek Merger With CBOT. Wall Street Journal.
  6. Chicago Mercantile Exchange 2004 Annual Report. Chicago Mercantile Exchange.
  7. Tenth Anniversary of Globex. Leo Melamed.
  8. Chicago Mercantile Exchange 1998 PAC Summary Data. Open Secrets.
  9. Gordon Comes Full Circle at Rosenthal Collins. FOW.
  10. IFM Board of Trustees. Institute for Financial Markets.
  11. Management Team. Rosenthal Collins Group.
  12. Daily Reports: Tell Us Where The Money Is. John Lothian News.