Indiana Grain Company, LLC

Posted: 07/26/10

By: tomgrisafi

Atlas Commodity Markets has announced another strategic hire for the grain market swap leader: John Harangody, most recently the Director of Commodity Products for CME Group, will head up Atlas's agriculture business.

"Having contributed to the development of CME Group's Cleared-Only OTC Ag strategy, John's expert perspective will be invaluable in driving the innovation and market leadership for which Atlas is known," says Bob Shults, Atlas.

With more than 30 years in the financial futures and commodity exchange businesses, Harangody has been present at the design, creation and implementation stages of new markets, new exchanges, and new products. That collective experience has strengthened his ability to identify and implement the critical conditions that are necessary to build and sustain successful markets.

Harangody was responsible for defining the overall product strategy and tactics for CME Group's agricultural commodity products, as well as aggressively marketing those products to current and prospective CME Group customers. Prior to joining CME Group, Harangody served as Manager, Risk Management Services, for Conagra Trade Group in Omaha, Neb. He has also held senior management positions at: Rand Financial Services; Geldermann, Inc.; and Drexel Burnham Lambert. He also has been a member, firm floor manager and floor trader of options on futures at the Chicago Board of Trade, and he has lectured at Northwestern University. Harangody holds a bachelor's degree in management and marketing from Purdue University and an MBA in finance from the University of Chicago.

"This is an exciting time to come aboard at Atlas," says Harangody. "Atlas Commodity Markets has been the largest contributor to the development of the exchange-cleared OTC bio-fuel market in North America. Their success can be attributed to the highly motivated and talented team they have assembled. They have a reputation for listening, for understanding the needs and wants of their customers, and for doing everything possible to provide not only the best service but also the best markets. I am really looking forward to this next stage of my career."