News Release

CME Group Selected as the Leading Technology Innovator by InformationWeek

Tue Sep 15 2009

 

 

CHICAGO, Sept. 15 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives marketplace, today announced that it has been named the number one technology innovator for this year's InformationWeek 500, the annual ranking of the most innovative users of business technology in the nation. The 2009 InformationWeek 500 companies were revealed today at an awards ceremony held at the St. Regis Monarch Beach, California. This is the sixth consecutive year the exchange has been named to this prestigious list of technology innovators, and the first time it has ranked as number one.

 

"Technology plays a crucial role in our global business initiatives with electronic trading representing more than 80 percent of our volume," said CME Group Chief Executive Officer Craig Donohue. "We have customers in more than 85 countries who access our markets around the clock, so we pride ourselves on having the most reliable technology platform offering the broadest range of functionality. While we will continue to strive to provide the most flexible architecture in terms of bringing new technology, innovations, and solutions to the market, this award could not have been accomplished without the hard work and dedication of CME Group's employees."

 

"Our ongoing commitment to customer service shows through our technology and innovation developments," said CME Group Chief Information Officer Kevin Kometer. "We process millions of financial transactions per day from around the world. In order to meet the heavy demands placed on our systems, we have rigorous requirements that must be met across the performance, scalability, reliability, ease of use, and costs of our IT infrastructure. I'm proud of my entire team that we are recognized as a market leader in terms of using technology to become faster, more robust, and to improve our functionality."

 

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 2009, nearly 80 percent of all contracts traded at CME Group have been executed via electronic trading and average daily volume for the year is 8.3 million contracts. On average, trades on CME Globex are executed in less than 7 milliseconds, with some of CME Group's markets already trading at 2.5 milliseconds.

 

"For over 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."

 

InformationWeek identifies and honors the nation's most innovative users of information technology with its annual 500 listing, now in its 21st year, and also tracks the technology, strategies, investments and administrative practices of America's best-known companies. Top winners have included: Conway, National Semiconductor, Kimberly-Clark, Hilton Hotels and Unum. The InformationWeek 500 rankings are unique among corporate rankings as it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders.

 

Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/. For a complete fact sheet on CME Globex, click here.

 

To view a video of CME Group's CEO Craig Donohue and CIO Kevin Kometer, visit: http://powerhost.powerstream.net/008/00102/090908infoweek2_4.wmv

 

 

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.

 

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.

 

About InformationWeek Business Technology Network (http://www.informationweek.com/)

 

The InformationWeek Business Technology Network provides IT executives with unique analysis and tools that parallel their work flow - from the defining and framing of objectives through to the evaluation and recommendation of solutions. Anchored by InformationWeek, the multimedia powerhouse that looks across the enterprise, the network scales across the most critical technology categories with online properties like DarkReading.com (security), IntelligentEnterprise.com (application architecture), Network Computing (networking and communications) and PlugintotheCloud.com (cloud computing). The network also provides focused content for key IT targets such as CIOs, developers and SMBs with Dr. Dobb's InformationWeek Global CIO and bMighty.com, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare. With content at the nucleus of our information distribution strategy, IT professionals turn to our network of expert voices, research and communities to stay informed, get advice, and research technologies to make strategic business decisions.

 

About TechWeb (http://www.techweb.com/aboutus)

 

TechWeb, 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 InformationWeek.com, Light Reading, Intelligent Enterprise, bMighty.com, and Advanced Trading; and the market leading, award-winning InformationWeek and Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, market 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.

 

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SOURCE CME Group

SOURCE: CME Group

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

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