News Release

CME Group Hosts Eleventh Annual Commodity Trading Challenge

Thu Feb 17 2011

            CHICAGO, February 17, 2011 – CME Group, the world’s leading and most diverse derivatives marketplace, is hosting the eleventh annual CME Group Commodity Trading Challenge, with record participation of 84 schools and 161 teams enrolled, including schools from Australia, Canada, England, Germany, Greece and India.  The Challenge allows graduate and undergraduate students to compete in simulated fast-paced electronic and open outcry trading while competing for CME Group internships and scholarships.

                 The four-week electronic trading competition starts February 16. The open outcry component is held in Houston on April 9 and in New York on April 15. Students will simulate trading CME Group WTI Crude Oil and Gold Futures. The event exposes students interested in trading to a professional platform, provided by technology sponsor CQG, and demonstrates real-time market reactions.

 

                To learn more about the competition including participants, sponsors and results, visit www.cmegroup.com/tradingchallenge. Follow the daily team standings and event highlights by searching #CMEChallenge on Twitter.

 

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 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 leading 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 (NASDAQ: CME) and its products can be found at www.cmegroup.com

 

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