James D. Facente

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James D. Facente
Occupation Director of Market Operations, Clearing and IT
Employer Minneapolis Grain Exchange
Website www.mgex.com

James D. Facente is director of Market Operations, Clearing and IT for the Minneapolis Grain Exchange (MGEX). He has been at MGEX since 1994. Facente manages the Market Operations, Clearing and IT departments in the day-to-day operations of the exchange. He is also responsible for initiatives MGEX takes to improve the transparency of the marketplace. Facente represents the MGEX on the CFTC's Subcommittee on Convergence in Agricultural Commodity Markets [1]

Background

Before accepting his current position, Facente held various positions on the trading floor, was an investigator with the Audits and Investigations department, and has worked throughout the Market Operations, Clearing and IT Departments. Most recently, he led his team in the migration of MGEX contracts to the CME Globex platform in January 2008 and the transition to exclusively electronic futures trading in December 2008.

Education

Facente graduated with honors from the University of Minnesota College of Agriculture with a B.S. in Applied Economics. [2]

References

  1. General Press Releases. Commodity Futures Trading Commission.
  2. Staff Bio. Minneapolis Grain Exchange.