CME Group Named a Leading Technology Innovator for Fifth Consecutive Year
CHICAGO, Sept 16, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that it has been named to the InformationWeek 500, the annual ranking of the most innovative users of business technology in the nation. The 2008 InformationWeek 500 companies were revealed on September 15, at a gala awards ceremony held at the St. Regis Resort in Monarch Beach, California. This is the fifth consecutive year the exchange has been named to this prestigious list of technology innovators.
"Technology plays a crucial role in our business with electronic trading representing more than 80 percent of our volume," said CME Group Chief Operating Officer Bryan Durkin. "CME Globex(R), the industry leading electronic trading platform, and our clearing operations were key factors in our successful merger with CBOT in 2007 and our recent acquisition of NYMEX. The marriage of our global benchmark products with our Globex technology has enabled us to increase our business and to meet the growing needs of our expanding customer base."
"CME's commitment to technology and innovation remains a top priority," said CME Group Chief Information Officer Kevin Kometer. "This award is a direct reflection of CME Groups employees' commitment and dedication to offering reliable and diverse technologies. We will continue to look for ways to build upon our success as we look at growing our business through technology in areas such as emerging markets and over the counter business."
The CME Globex electronic trading platform offers vast capabilities to facilitate the most complex and demanding trading. Our deep and liquid electronic marketplace enables customers to choose from the widest range of benchmark products across all asset classes, futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. Through August 2008, 82 percent of all contracts traded at CME Group have been executed via electronic trading and average daily volume for the year is 9.8 million contracts, an increase of 15 percent over this time last year. On average, trades on CME Globex are executed in less than 11 milliseconds.
InformationWeek has identified and honored the nation's most innovative users of information technology with its annual listing, now in its 20th year, and has tracked the technology, strategies, investments and administrative practices of America's best-known companies. The list is unique among corporate rankings because it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders.
"For 20 years, the InformationWeek 500 has honored the most innovative users of business technology," said InformationWeek Editor-in-Chief Rob Preston. "Year after year, InformationWeek 500 companies harness technology to improve efficiency, boost productivity, drive revenue, and establish a competitive advantage. We applaud this year's winners, and the CIOs and other executives whose ingenuity and risk taking are at the center of business technology innovation."
Additional details on the InformationWeek 500 can be found online at http://www.informationweek.com/iw500/.
About CME Group
CME Group (http://www.cmegroup.com) is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ under the symbol "CME."
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex and E-mini, are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX, New York Mercantile Exchange, and ClearPort are trademarks of New York Mercantile Exchange. Inc. COMEX is a trademark of Commodity Exchange, Inc. Standard & Poor's, S&P 500 and S&P, S&P MidCap 400, Standard & Poor's Depositary Receipts and SPDR are trademarks of The McGraw-Hill Companies, Inc. NASDAQ, NASDAQ-100 and the NASDAQ-100 Index are trademarks of The Nasdaq Stock Market, Inc. Nikkei and Nikkei 225 are trademarks of Nihon Keizai Shimbun Inc. The Russell 2000 Index and Russell 1000 Index are registered trademarks of Frank Russell Co. TRAKRS and Total Return Asset Contracts are trademarks of Merrill Lynch & Co., Inc. GSCI is a trademark of Goldman Sachs & Co. Morgan Stanley Capital International, MSCI, and EAFE are trademarks of MSCI. FTSE/Xinhua China 25 is a trademark of FTSE Xinhua Index Limited. Dow Jones and Dow Jones Industrial Average are trademarks of Dow Jones & Company, Inc. CDR Liquid 50 NAIG is a trademark of Credit Derivatives Research LLC. These trademarks are used herein under license. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at http://www.cmegroup.com.
About InformationWeek Business Technology Network
The InformationWeek Business Technology Network (http://www.informationweek.com/) provides business technology executives with unique perspective, market leading research and innovative tools that work in lock step with their work flow -- from defining and framing business technology objectives through to the evaluation and recommendation of specific solutions. The InformationWeek Business Technology Network delivers the entire market, from SMBs with bMighty.com to large-scale global companies with InformationWeek. We scale across the most critical technology categories in the market -- security with DarkReading.com, storage with ByteandSwitch.com, application architecture with IntelligentEnterprise.com, network architecture with NetworkComputing.com and communications with NoJitter.com. Through its multi-media platform and unique content-in-context information distribution system, the InformationWeek Business Technology Network provides trusted information developed both by editors and real world CIO/IT professionals delivered how and when business technology executives want it, 24/7.
About TechWeb
TechWeb, (http://www.techweb.com/aboutus) the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, research, and analyst services.
TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.
* 13.3 million business decision-makers: based on # of monthly connections
across TechWeb brands. CME-G
SOURCE CME Group
http://www.cmegroup.com
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