Magazine article Modern Trader

Another Redel at COMEX

Magazine article Modern Trader

Another Redel at COMEX

Article excerpt

Donna Redel -- new chairman of the Commodity Exchange of New York (COMEX) -- is the new breed of commodities trader with an old-fashioned touch.

She comes to the position with a background in investment banking but a strong base in floor trading and knowledge of the exchange and its history. She also has tradition on her side: Her father, Irving Redel, was COMEX chairman from 1985 to 1987.

As the new chairman, Redel wants a link with an overseas partner to extend the market day and launch products to compete with the over-the-counter universe. This includes Eurotop 100 Stock Index futures and options that await regulatory approval and expanding the base metals complex.

With 1991 COMEX volume down 17% from 1990 levels, Redel has work to do. But having survived the COMEX crisis years during the 1980s, she has some perspective.

After earning her master's in business at Columbia University and working at an investment banking firm, Redel joined the exchange in 1980 through Redel and Co. …

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