LONDON, Sept. 21, 2016 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that the company has been named 'Exchange of the Year' by GlobalCapital in their annual Global Derivatives Awards.
The awards honor the companies, platforms, services and products that have made an impact on the global 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 diverse product suite and its ongoing efforts to expand the exchange's customer offering. In particular, the publication noted the launch of Ultra 10-Uear US Treasury Notes futures in January 2016, which surpassed 1 million contracts traded in its first seven weeks. This made it CME Group's most successful product launch in the company's 170 year history.
"We are pleased by GlobalCapital's recognition of our efforts to address clients' risk management needs across all asset classes," said Terry Duffy, CME Group Executive Chairman and President. "We remain focused on investing in our products and technology so we can provide our customers around the world with the most innovative solutions available. We thank our clients for their support and feedback over the past year."
"We appreciate this award and are committed to maintaining our high level of customer focus going forward," added Phupinder Gill, CME Group CEO. "Thanks to our employees on the ground in every region, we continue to work diligently to build strong relationships with our clients, anticipate their needs, and bring to market products and services that benefit the entire marketplace."
GlobalCapital also noted CME Group's work to promote education, including both a deeper understanding of the value of derivatives industry and the importance of risk management education in classrooms.
The awards were presented at the GlobalCapital Global Derivatives 2016 Awards Dinner on 20 September in London.
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 and the Chicago 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