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GINTER RESIGNS AS GLOBEX MANAGING DIRECTOR

 CHICAGO, July 30 /PRNewswire/ -- Jack Sandner, chairman of GLOBEX Corp., announced yesterday (July 29) that he has accepted, with regret, the resignation of Gary Ginter as managing director of GLOBEX Corp.
 Ginter has accepted a position as president of the board of directors and director of strategic planning for Oster Communications Inc. of Cedar Falls, Iowa. GLOBEX is the automated after-hours trading system for futures and options, a joint venture of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT) utilizing the global network of Reuters Holdings PLC.
 "We wish Gary well and thank him for his tireless and faithful service in getting GLOBEX off the launching pad," Sandner said. "Additionally, Gary has presented me with a business plan for the marketing and expansion of GLOBEX and has offered to continue to serve as an informal senior advisor to us. We are grateful to him for this."
 Ginter, who began his position with GLOBEX in early 1991, was managing director through the launch of GLOBEX in June 1992. He noted that GLOBEX has been setting volume records repeatedly in recent weeks, surpassing 50,000 trades in one session.
 "It is very satisfying to turn over the reins on yet another record volume day," Ginter said. "I look forward to continuing my association with GLOBEX by serving as an informal senior advisor to Jack."
 -0- 7/30/93
 /CONTACT: Andrew Yemma of Chicago Mercantile Exchange, 312-930-3434/


CO: GLOBEX Corp.; Chicago Mercantile Exchange ST: Illinois IN: SU: PER

MP -- NY008 -- 7611 07/30/93 09:05 EDT
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Publication:PR Newswire
Date:Jul 30, 1993
Words:258
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