Seed SEF, the electronic trading facility regulated by the Commodity Futures Trading Commission (CFTC), announced five new members to its board of advisors following the company’s quarterly board meeting. The announcement comes as Seed ramps up to launch its platform, which will allow hedgers to secure their operation stability and provide new trading opportunities for speculators.
The five new members bring a vast array of specialist exchange operations and product development experience to the company. Lyle Hayhurst, who advises the company on technical matters, is the former CTO of DRW and previously worked as a senior software developer with Peak6 as well as a Senior Associate at Citadel Investment Group. In a time of acute interest on cyber security, Marc Oram, the former Cybersecurity Strategy Advisor to Aramco and former Principal Security Strategist to Microsoft, is an invaluable asset to the company. From a market development perspective, Jeff Howard brings a unique viewpoint having served as the former Managing Director of Prime Services at the Royal Bank of Scotland. John McShea, a mentor to many early stage companies at 1871, one of Chicago’s largest start-up incubators and a former director at Mizuhuo Bank, brings a strong network and experience in the Chicago FCM and IB community. Finally, John D’Agostino is well versed in launching new markets and brings experience from previously helping build the Dubai Mercantile Exchange.
Speaking about the appointments by the board, Edward Woodford, CEO of Seed SEF said “We are excited to announce a group of individuals who bring a wealth of experience and knowledge to Seed. I look forward to working with the team to continue to the build the crucial infrastructure for emerging commodities.”
About Seed SEF
Seed SEF is an institutional trading platform that is awaiting regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC). A Swap Execution Facility (SEF) allows the trading of forwards, swaps and options for Eligible Contract Participants (ECPs). Seed operates a non-intermediated model which means that each participants connects directly to the exchange. Edward Woodford and Brian Liston founded Seed as Graduate researchers at the Massachusetts Institute of Technology (MIT). Seed SEF is backed by a consortium of farming groups and exchange liquidity providers.
Seed SEF Chairs the Outreach and Finance Committees of the Kentucky Hemp Industry Council (KHIC), which focuses on policy development at a state and federal level.
Seed SEF’s goal is to use derivative tools to cultivate financial security in emerging agricultural markets, with idiosyncratic production risks. Seed’s focus is on providing innovative means to secure operational stability for hedgers and new trading opportunities for speculators. Seed SEF operates in areas where there have been recent regulatory shifts, which present the potential to innovate in new or obscure markets.
For more information, visit www.seedcx.com
Edward Woodford Seed SEF US Tel: +1 857-242-8248/ UK Tel: +44 (0) 7896213638 Email: [email protected]