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CME Group Center for Innovation

 
 
CME Group Center for Innovation

CME Group Center for Innovation

Innovation has always been a driving force for the exchanges that form CME Group: CME, CBOT, NYMEX, COMEX, and KCBT. We have continually embraced change and fostered an entrepreneurial spirit that has enabled both our exchanges – as well as the futures industry – to grow and prosper. We know from firsthand experience that innovation can transform business, influence the direction of civilization and alter its reality for the better.

But creative thinking and great ideas cannot exist in a vacuum – they benefit and gain momentum by being spread far and wide. Recognizing this, in 2003 CME founded the CME Center for Innovation – now called the CME Group Center for Innovation (CFI).

The CFI creates and sponsors thought-provoking original programming that identifies, showcases and fosters examples of significant innovation and creative thinking across multiple industries in both the public and private sectors. Each of the programs explores and communicates the principles behind innovation, and more importantly, showcases their application to a broad and diverse audience.

The CFI's programs help advance the application of innovation by providing a broad, multi-industry analysis of the concept. The CFI is interested in evaluating not only the principles behind innovation, but in taking a strong, hard look at innovation in action.

For further information about the CME Group Center for Innovation, please contact:
Colleen Lazar
Executive Director, CME Group Center for Innovation
colleen.lazar@cmegroup.com

Competitive Markets Advisory Council (CMAC)

CME Group formed the Competitive Markets Advisory Council (CMAC) in March 2004. CMAC consists of financial experts, including Nobel Prize winners, who serve as a “think tank” to develop and provide advice to the Board in the form of policy, analyses, position papers and other strategic recommendations on significant market issues. Notably, CMAC plays an integral leadership role within the CME Group Center for Innovation by selecting the annual recipients of the CME Group Fred Arditti Innovation Award and the CME Group-MSRI Prize in Innovative Quantitative Applications.

CMAC Members

  • John P. Gould, Steven G. Rothmeier Distinguished Service Professor of Economics, University of Chicago Booth School of Business and Chairman of CMAC
  • Gary S. Becker, Nobel Prize-Winning Economist and Professor of Economics and Sociology, University of Chicago
  • David D. Hale, International Economist and Founder, Hale Advisors, LLC
  • Robert C. Merton, Nobel Prize-Winning Economist and John and Natty McArthur University Professor, Harvard Business School
  • Michael H. Moskow, Vice Chairman and Senior Fellow for the Global Economy, The Chicago Council on Global Affairs
  • Robert J. Shiller, Stanley B. Resor, Professor of Economics, Yale University and Chief Economist, Macro Securities Research, LLC

The following CME Group senior-level officials also serve as members of CMAC:

  • Terrence A. Duffy, Executive Chairman & President, CME Group
  • Phupinder S. Gill, Chief Executive Officer, CME Group
  • Leo Melamed, Chairman Emeritus, CME Group and Vice Chairman of CMAC
  • John F. Sandner, Retired Chairman, CME Group
 
 
 
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  • CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of five Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, COMEX and KCBT.