CHICAGO, June 3, 2016 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that the company has been named 'Clearing House of the Year' by GlobalCapital in their Americas Derivatives Awards 2016.
The awards honor the companies, platforms, services and products that have made an impact on the U.S. derivatives market during the last 12 months. Each category is decided upon following a period of market research and editorial panels with each of the shortlisted institutions.
In its analysis, GlobalCapital's editorial team focused on CME Group's product innovation and the clearing efficiencies it has provided to market participants. In particular, the publication noted the launch of clearing for both Mexican Peso and Brazilian Real Interest Rate Swaps, bringing the clearing house's product suite up to 19 currencies.
"We are very pleased by GlobalCapital's recognition of our efforts to offer innovative clearing solutions across a variety of asset classes," said Sunil Cutinho, President, CME Clearing. "We remain focused on providing the most capital-efficient clearing solutions available, and we thank our customers for their support and feedback over the past year."
GlobalCapital also noted CME Group's compression and coupon blending initiatives which have now seen over $21 trillion reduced in gross notional, including the first EUR compression cycle using TriOptima's TriReduce Service.
The awards were presented at the GlobalCapital Americas Derivatives Awards Gala Dinner on 2 June in New York.
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 products and metals. Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its exchanges based in Chicago, New York and London. CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, which offer clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. CME Group's products and services ensure that businesses around the world can effectively manage risk and achieve growth.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT, the Chicago Board of Trade, KCBOT, KCBT and Kansas City Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered 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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SOURCE CME Group