James R. Krause

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James R. Krause
JamesKrause1.jpg
Location Chicago, Illinois, USA
Website www.cmegroup.com

James R. Krause is a retired IT executive who is a former managing director and chief information officer of CME Group [1]. Krause retired on June 30, 2008 and was succeeded by deputy chief information officer Kevin Kometer.[2][3]

During his career at the Chicago Mercantile Exchange and then the CME Group he held various positions including in systems development and clearing, administration systems. At the time of his retirement, 83% of the volume on the CME was electronic.

He was involved with every major technology initiative that has taken place at CME during his tenure at the CME. He was responsible for the design, development and implementation of the CME Globex electronic trading platform and the Clearing 21 system.[4] The CME also developed handheld Galaxy-C trading devices to aid pit trading during Krause's time as CIO of the CME.[5]

Background[edit]

Before joining the CME in 1985, Krause held positions at MCC Powers, Pullman Inc. and Shure Brothers.

Prior to the merger of CME and the Chicago Board of Trade in July 2007, Jim Krause held the same title as above for CME Holdings and for CME since May 2004.[6][7]

At CME, Krause's Previous Positions Include:

  • Managing director, Enterprise Computing (March 2000 - April 2001)
  • Senior vice president, Enterprise Computing (January 1999 - March 2000)
  • Senior vice president, Systems Development (May 1998 - January 1999)
  • Vice president, Systems Development (August 1990 - May 1998)
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in 2005, Krause was recognized by IDG's Computerworld, the "Voice of IT Management," as one of the business world's Premier 100 IT Leaders.[8]

Krause is a inventor along with several other CME employees in patents, including for dynamic data filtering and system and method for providing intelligent market data snapshots.[9]

Education[edit]

Krause earned a bachelor's degree in computer sciences from Michigan State University and a masters of business administration degree in finance and accounting from Southern Illinois University.

References[edit]

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Resources[edit]

CME Group Web site