CME Group, the world’s leading and most diverse derivatives marketplace, today announced that it has named Michael C. Prokop as managing director, Energy Products. With 25 years of global energy financial services experience, Prokop will be responsible for advancing the company’s growth strategy for its energy business line. He will be based in Houston and will report to Joe Raia, Managing Director, Energy and Metals Products.
Prokop, 48, joins CME Group from Amerex Energy, a leading over-the-counter energy broker, where he was responsible for the oversight and development of the company’s futures and clearing operations, data business and regulatory affairs. He also held leadership roles at FuturesSource, Gull Energy Finance Corporation and Eastbrook Futures, all based in Houston, and Merrill Lynch Futures based in New York.
Prokop has served on the CFTC’s Energy and Environmental Market Advisory Committee and the Committee of Chief Risk Officers. He serves on the Board of Directors of the Global Energy Management Institute at The University of Houston’s C.T. Bauer School of Business. Prokop earned a bachelor’s degree in economics from the University of Rhode Island.