CME Europe Chief Executive Robert Ray has died at the age of 60, Bloomberg News reported Thursday, citing a company spokesman.

In 2012, CME Group said it would launch a London-based derivatives exchange and said Mr. Ray would be chief executive of the platform. CME Group Chief Executive Phupinder Gill told Reuters in December that a first-quarter 2014 launch was possible.

Mr. Ray worked for the Chicago Board of Trade before its merger with CME Group, and also held positions at Robertson Stephens Inc. and Dean Witter Reynolds Inc.

Full story at http://www.bloomberg.com/news/2014-03-06/robert-ray-chief-executive-officer-of-cme-europe-has-died-1-.html

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