By Economist Perspective: The Growing Impact of Surging Energy Costs
07 OCT 2021
Jim Iuorio is managing director of TJM Institutional Services and a veteran futures and options trader. Jim has spent his career brokering futures and options trades for large institutional clients in equity indexes, interest rate products, commodities and foreign exchange. His recommendations to clients blend macro-economic themes with technical analysis. Follow Jim on twitter @jimiuorio.
Jeff Kilburg has twenty years of investment experience and is the CEO of KKM Financial, a SEC registered alternative investment advisory firm that provides alternative asset management utilizing dynamic stock selection, hedging, option-overlay, and volatility strategies that seek to control risk across various asset classes to a variety of investors. Jeff started his career at the Chicago Board Options Exchange (CBOE) and then moved to the Chicago Board of Trade (CBOT) bond option pit. After spending time in the bond option pits, Jeff gravitated to the bond futures pits and joined a specialist group in the 30-year pit. After launching a floor operation of his own in 1999, Jeff went on to become one of the larger market makers in the ten-year note futures pit. He is regarded as one of the industry's premier futures traders and is a member of the Futures Now team on CNBC. Follow Jeff on twitter @JeffKilburg
Scott Nations is the President and Chief Investment Officer of NationsShares, the world's leading independent developer of option-enhanced and option-based indexes. Scott is the creator of VolDex® (ticker symbol: VOLI), an improved measure of S&P option implied volatility. Beginning his career in the Treasury futures and options complex at the CBOT, Scott built experience as a trader in the 10- and 30-year option pits before moving to the Chicago Mercantile Exchange in the equity index option markets. Follow Scott on twitter @ScottNations
Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions.
Scott D. Martin is Chief Investment Officer for Kingsview Asset Management, a Registered Investment Advisor (RIA), and President and CEO of Accent Asset Management, a diversified financial services company. Prior to founding Accent, Scott was Managing Director at Astor Asset Management where he handled the supervision of new advisory relationships. Scott also served on Astor’s portfolio management team beginning in 2004 and was co-portfolio manager on all of Astor’s ETF-based separate account programs as well as Astor’s mutual fund, which was launched in 2009.
Scott Shellady is an adjunct professor of finance at DePaul University, a frequent television contributor for Fox News, CNBC, CNN, and SKY News, and a SVP of Derivatives at TJM Brokerage. He has a range of technical and trade experience in commodities and financial products and began his career as the European Managing Partner of Prime International Trading London. He built the group up to one of the largest options proprietary trading firms on the London International Financial Futures Exchange (LIFFE) and was responsible for all aspects of firm management, from risk controls to regulatory reports.
Todd “Bubba” Horwitz is a 35-year member of CME, CBOT and CBOE and market veteran. Author of Bubba’s Guide to Trading Options & host of ‘The Bubba Show,’ Todd is Chief Market Strategist & Founder of Bubba Todd continues to trade full-time and teach financial literacy at

Scott Bauer graduated with honors from the University of Illinois Business School, Urbana Champaign, in 1988 with a B.S. in Finance. Bauer began floor trading in 1991 and formed BOTTA Capital Management in 1995.

Scott traded equity options, S&P options at CME and was employed by Goldman, Sachs & Co. as Vice-President, Equities Division. He currently is the Senior Market Strategist and Senior Options Instructor at Trading Advantage and regularly can be seen on CNBC, Bloomberg Financial and Fox Business as a guest commentator.

Bob Iaccino started in 1993 as a phone clerk on the CME floor. He now appears weekly on various media outlets, including as one of CNBC's "Futures Now" traders. He has served as a Chief Market Strategist, run a commodity pool and serves as a principal and member of the investment committee in a futures and forex FOF. Bob speaks on markets in places like Canada, Dubai, Qatar, Columbia, Panama, Mexico and several U.S. locations. Bob co-founded Path Trading Partners in 2015 and serves as the Chief Market Strategist.
Kathy Lien started at JPMorgan Chase on the interbank FX trading desk and later worked on the cross markets proprietary trading group. In 2003, Kathy joined FXCM as Chief Strategist and started, a leading online FX research portal. In 2008, Kathy joined Global Futures & Forex Ltd as Director of Currency Research. An expert on G20 currencies and best-selling author, Kathy is often quoted in the Wall Street Journal, Reuters, Bloomberg and other leading news publications, and regularly appears on CNBC – US, Asia and Europe.
Virginia McGathey is President and Founder of McGathey Commodities Broker Group. Virginia joined the CBOT in 1983, executing trades and managing risk while trading agriculture futures and options for clients worldwide. She has provided daily market commentary for CME Group for the past 3 years, and was featured in the "I Am American Business" image campaign for CNBC. Since 2009, Virginia has frequently contributed to market commentary by Bloomberg, Fox Business, BNN, Sky News, CNBC, First Business and the BBC among other prominent financial media organizations.
Boris Schlossberg is Managing Director of FX Strategy for BK Asset Management and Co-Founder of Boris has over 20 years of financial market experience, is a weekly contributor to CNBC’s Squawk Box and a regular commentator for CNBC Asia and Europe. His daily currency research is widely quoted by Reuters, Dow Jones and Agence France Presse newswires and print media worldwide. He is the author of Technical Analysis of the Currency Market and Millionaire Traders: How Everyday People Beat Wall Street at its Own Game.
Dan Gramza is President of Gramza Capital Management, Inc. and DMG Advisors, LLC. He has appeared on CNN's "Moneyline" program and has been quoted in The Wall Street Journal, Futures Magazine, Stocks & Commodities Magazine, and other numerous media outlets around the world. Dan is a former member of the Chicago Rice and Cotton Exchange. He has established and run proprietary stock trading operations on the floor of the Chicago Stock Exchange, an off floor proprietary futures trading group and has given expert witness testimony in federal court.
Jon "DRJ" Najarian is a founding member of, a financial education & subscription services company. He became member of the CBOE, NYSE, CME and CBOT and worked as a floor trader for some 25 years. Today, he is a professional investor, money manager, lecturer as well as co-founder of Najarian Family Office and Rebellion Partners. Jon developed and patented trading applications and algorithms used to identify unusual activity in stock, options and futures. He also serves as a contributor for CME Group’s “Striking Options”. Jon and his brother Pete founded TradeMonster and OptionMonster, which were rated "Best for Options Traders" by Barrons four years in a row. Jon and his brother are also best-selling authors of both "How We Trade Options" and "The 22 Rules of Investing". Follow Jon on twitter @jonnajarian

Todd Colvin is the Senior Vice President of Institutional Sales and Global Business Development at Ambrosino Brothers, and a futures and options specialist with over 20 years’ experience.

Colvin recommends trading strategies to institutional clients, writes daily market analysis, and presents his ideas and opinions on several media outlets.

He has a MBA in Finance from DePaul University Kellstadt School of Business and Bachelor of Science in Business Butler University. Colvin is a member of CME and previously was a member of CBOT.

Erik Norland is Executive Director and Senior Economist of CME Group. He is responsible for generating economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company’s business strategy, and upon those who trade in its various markets. He is also one of CME Group’s spokespeople on global economic, financial and geopolitical conditions.

Prior to joining CME Group, Norland gained more than 15 years of experience in the financial services industry working for investment banks and hedge funds both in the United States and in France. He most recently served in sales and research at BEAM Bayesian Efficient Asset Management LLC, and previously as Director of Research at EQA Partners, both global macro hedge funds. He also worked for IXIS Corporate & Investment Bank in Paris (now called Natixis), covering central banks and supranationals for the fixed income sales business, and also worked as a market economist and strategist. He began his career at Bankers Trust, Global Investment Management in New York working with the tactical asset allocation group.

Norland holds a bachelor’s degree in economics and political science from St. Mary’s College of Maryland and an statistics from Columbia University. He is also a CFA Charterholder.

Back to top


Get the latest updates with InFOCUS.
Futures & Options trends and insights for active traders.