In memory and honor of Clayton Yeutter, President of CME Group from 1978 to 1985, CME Group Foundation has endowed The Clayton K. Yeutter Institute of International Trade & Finance’s CME Group Foundation Symposium at the University of Nebraska. The grant is $500,000.
By serving as President of CME, Dr. Yeutter played a pivotal role in promoting CME Group’s global transcendence. Forward thinking and a realization that educational institutions must cultivate tomorrow’s agricultural business leaders was one of the reasons Dr. Yeutter dedicated his time and money to the Institute.
The Clayton K. Yeutter Institute of International Trade and Finance was launched in 2015 to prepare students to work at a time when national economies are increasingly connected. The Institute builds on the strengths present in University of Nebraska’s College of Agricultural Sciences and Natural Resources, College of Business Administration and Nebraska College of Law to offer undergraduate and graduate education, facilitate faculty research and conduct outreach efforts, all related to international trade and finance. The goal is for students to be prepared for work in the ever-growing global trade environment.
Beginning in 2018, the Institute will present the CME Group Foundation Symposium, a biennial symposium for students, academics, members of the Senate and House Agriculture Committees, their respective staffs, and industry practitioners. Its purpose is to deliberate the impact of international trade and financial regulation on the development and evolution of national and international futures and options markets, and on risk management issues faced by market participants.
Each symposium will have a specific topic, such as managing volatility in commodity, currency and interest rate markets, which will serve as the overarching theme to be addressed by guest lecturers and expert panelists. Given current policies and issues of challenge in the global economy, the symposium will provide policy influencers, industry practitioners and students from the Midwest a theoretical yet practical educational opportunity to learn from established experts the subtleties of the marketplace, trade fundamentals and innovative ways to manage risk.
CME Group is saddened by the passing of Dr. Yeutter. We are proud to perpetuate his name and his efforts on behalf of education and international trade and finance.
CME Group Foundation works to advance the economy by supporting education from cradle to career. The Foundation partners with universities, school districts, charter networks and nonprofit organizations that work to ensure at risk young children are prepared for kindergarten; provide effective K-12 education that prepares disadvantaged students for success in college and career; prepare university students for careers in financial services and risk management; and conduct academic research in areas that advance derivatives knowledge and best practices. The Foundation was created in 2008 and endowed with a gift of $16 million from the Chicago Mercantile Exchange Trust, which was established by CME in 1969 under the direction of its then chairman, Leo Melamed, to provide financial protection to customers in the event a CME member firm became insolvent or unable to meet its obligations to its customers.
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