LONDON and CHICAGO, Dec. 8,
2017 /PRNewswire/ -- CME Group, the world's leading and most
diverse derivatives marketplace, today announced the company was
named 'Exchange of the Year' at the 2018 Risk Awards. In addition,
CME Group was named 'US and Canada Exchange of the Year' and 'Trade
Repository of the Year' by FOW in its annual international awards.
Both sets of awards seek to showcase the work of firms and
individuals in the derivatives markets and risk management and are
widely recognised as being the most prestigious in the
industry.
"We are honored to be selected for these awards, particularly as
they reflect feedback from our clients and cement our position as a
leader in the global derivatives marketplace," said Terry Duffy, CME Group Chairman and Chief
Executive Officer. "This recognition demonstrates that we are
delivering on our commitment to provide clients with the risk
management solutions they need to navigate volatile market
conditions and the ability to react to international events around
the clock."
The Risk Awards recognised CME Group for its approach in seeking
to include all clients in discussions around risk management,
product design and price discovery. Equally noteworthy were the
successful launches of several new products including Wednesday
Weekly Treasury Options which offer greater precision for trading
and hedging mid-week during major events. Volumes are growing
for the short-dated, weekly options across all asset classes.
Average daily volume is 596,503 contracts up 48% compare to the
whole of 2016 and they account for 17% of total options volume
which is up from 13% the previous year.
Among other achievements, FOW's judges flagged the record levels
of open interest across the franchise as well as the performance of
global benchmarks such as WTI which hit an average daily volume of
1.5 million contracts during the judging period. The exchange also
saw the return of the Russell 2000 futures with 91% of open
interest switching to the market since its launch in July 2017. CME Global Repository Services (GRS)
was rewarded for its impressive period of growth and innovation.
GRS distinguished itself in 2017 with its focus on the simplicity
and certainty of its commercial policies that help the industry as
they cope with a steady stream of regulatory change and escalating
costs.
Entries for the Risk Awards are judged by the editorial team,
with the assistance of external industry experts and supplemented
by feedback from clients. The FOW International Awards are judged
by a panel of industry experts drawn from across the market across
a range of disciplines.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. Around the world, CME Group
brings buyers and sellers together through its CME Globex®
electronic trading platform. CME Group also operates one of
the world's leading central counterparty clearing providers
through CME Clearing, which offer clearing and settlement
services across asset classes for exchange-traded and
over-the-counter derivatives. CME Group's products and
services ensure that businesses around the world can effectively
manage risk and achieve growth.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT, Chicago Board of
Trade, KCBT and Kansas City Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. Dow Jones, Dow Jones Industrial Average,
S&P 500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective
owners.
CME-G
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SOURCE CME Group