CHICAGO, May 30, 2017 /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 2017.
The annual awards, which are decided through interviews with leading market participants, recognize firms that are leading the industry in delivering innovative solutions to the U.S. derivatives markets.
"CME Clearing has excelled as a clearing house for the Americas, responding to its customers' needs with speed and resilience," said GlobalCapital editors at the publication's 2017 Americas Derivatives New York Awards dinner on May 25.
"Receiving this recognition is a tremendous honor, especially since it reflects clearing member and client feedback," said Sunil Cutinho, President, CME Clearing. "We look forward to continuing to deliver the most efficient clearing solutions for both listed and OTC market participants across the globe."
In its analysis, GlobalCapital also noted CME Group's compression and coupon blending initiatives, which have seen more than $35 trillion reduced in gross notional since launch. CME Group has created a best-in-class global clearing solution for listed and OTC derivatives. Its OTC platform is used by over 500 customers across the U.S., EMEA and APAC, with the company's OTC IRS clearing solution expanding to 21 currencies in July.
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. Through its exchanges, CME Group offers 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. CME Group provides electronic trading globally on its CME Globex platform. The company also offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives through its clearinghouses CME Clearing and CME Clearing Europe. CME Group's products and services ensure that businesses around the world can effectively manage risk and achieve growth.
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SOURCE CME Group