Scott Gordon

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Scott Gordon
Scott Gordon 2017.JPG
Occupation Chairman
Employer XF, LLC
Location Chicago

Scott Gordon is a Chicago-based futures brokerage executive, exchange member and former chairman of the Chicago Mercantile Exchange.

He is the former chairman and CEO of Rosenthal Collins Group LLC, an independent futures clearing firm, and RCG Holdings. He served on an interim basis as vice chairman of the Rosenthal Collins Group LLC, a division of Marex Spectron, after that firm acquired RCG's customer business in January 2019.[1][2]

He also serves as chairman of XF, LLC (formerly RCG Holdings), overseeing the wind-down of remaining operations following the sale of units of the holding company. He became an advisory council member in 2019 of Ascent Technologies Inc., which provides a cloud-based platform using artificial intelligence to help companies digitize and automate their regulatory risk and compliance programs.

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


Gordon was the chairman and CEO of Rosenthal Collins Group before it sold 14,000 client accounts and 150 employees to Marex Spectron.[3]

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[4] 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.[5][6]

Also at the CME, Gordon served as a member of the board of directors from 1982 to 2004.[7] He was a member of the strategic planning committee at the CME that gave birth to Globex.[8] He also served as treasurer of the CME Political Action Committee.[9]

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.[10]

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).

From 2018 to 2019, Gordon was a board member of the Futures Industry Association (FIA). He was a trustee of the Institute for Financial Markets and a member of the risk committee of ICE Clear U.S. [11]


Gordon received a bachelor of science degree in mathematics, cum laude, from Union College in Schenectady, New York.[12]


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.[13]

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"Trying is the key. I’ve had some successes in my life and I’ve had a bunch of failures — some spectacular failures… But whichever you have, if it’s a success or a failure, they’re momentary. You can take a victory lap if you have a success or you can take a misery lap if you have a failure. But in either case it’s fleeting, it’s gone and you better get on with your life."




  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. Longtime Chicago firm to sell futures brokerage business. Crain's Chicago Business.
  4. Organization Profile: Chicago Mercantile Exchange Inc.. Chicago Mercantile Exchange.
  5. Chicago Mercantile Exchange ousts Chairman Gordon. Reuters via Elite Trader.
  6. CME Replaces Chairman With Trader Who Could Seek Merger With CBOT. Wall Street Journal.
  7. Chicago Mercantile Exchange 2004 Annual Report. Chicago Mercantile Exchange.
  8. Tenth Anniversary of Globex. Leo Melamed.
  9. Chicago Mercantile Exchange 1998 PAC Summary Data. Open Secrets.
  10. Gordon Comes Full Circle at Rosenthal Collins. FOW.
  11. IFM Board of Trustees. Institute for Financial Markets.
  12. Management Team. Rosenthal Collins Group.
  13. Daily Reports: Tell Us Where The Money Is. John Lothian News.