News Release

CME Group CEO Donohue Elected to Board of Directors for the World Federation of Exchanges

Tue Oct 06 2009

 

 

 

 

CHICAGO, Oct. 6 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives marketplace, today announced that its Chief Executive Officer Craig S. Donohue has been elected to the 2010 Board of Directors for the World Federation of Exchanges (WFE), to serve a two year term. More than 50 of the world's leading exchanges have gathered in Vancouver this week for the 49th General Assembly and Annual Meeting of the World Federation of Exchanges.

 

 

"CME Group looks forward to ongoing collaboration with the WFE and its members to share insights across markets and build awareness on common issues and concerns," said Donohue. "By working together, we can ensure greater global collaboration between exchanges and derivatives market regulators so that we collectively put forward analysis and recommendations that ensure greater coordination across geographies and jurisdictions."

 

 

CME Group has long been a leader and innovator in the exchange space, creating the world's first modern futures exchange in 1848 in Chicago and then pioneering the first interest rate futures and energy futures in the 1970s and the first successful stock index futures in the 1980s. CME Group conceptualized and launched the first electronic platform for trading futures through the creation of CME Globex. In 2002, CME Group became the first U.S. exchange to go public.

 

 

About CME Group

As the world's largest 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 commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

 

 

About the WFE

The World Federation of Exchanges, based in Paris, France, is the trade association of more than 50 publicly regulated stock, futures and options exchanges. WFE conducts research on issues pertinent to its members and holds workshops and conferences around the world. WFE market operators are responsible for the functioning of key components in the financial world. WFE exchanges are home to about 46,000 listed companies (as of 31 July 2009).

 

 

At the end of June 2009:

  • The total market capitalization listed companies was approximately USD 40 trillion.
  • Approximately USD 46.8 trillion in equities were traded on WFE stock exchanges.
  • More than 5 billion future and option contracts were transparently traded on-exchange, with proper post trade risk management and guarantees.
     

 

 

 

 

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort 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 and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at www.cmegroup.com.

 

 

CME-G

 

 

 

 

SOURCE CME Group

SOURCE: CME Group

Web site: http://www.cmegroup.com/

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