SINGAPORE, Sept. 26, 2013 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the company was named 'International Exchange of the Year for Asia' by Futures & Options World (FOW) at the 2nd FOW Awards for Asia 2013. The awards ceremony held today in Singapore recognized CME Group's excellence in the launch of products and services for the Asian market in the past year.
"We are honored to receive this award from FOW," said Julien Le Noble, Managing Director, Head of Asia Pacific, CME Group. "This recognition not only reflects our client-focused approach in Asia, but is also an endorsement of the investment we have made in the region and the expansion of our products and services across different asset classes in order to meet the needs of the Asian market. We look forward to continuing to enhance and expand our offerings as more customers around Asia Pacific are accessing our markets to manage their risk."
Now in its second year, the annual FOW Awards for Asia recognize the best of the Asian derivatives industry, where entries and nominations for the Awards are evaluated by FOW's judging panel.
Last year, CME Group was also named 'International Exchange of the Year for Asia' by FOW, and this year's win marks the second time the company has won this particular award category, since the inauguration of the awards in 2012.
In 2013, CME Group has also introduced several new products to cater to the needs of the Asian market, including the Indian Rupee and the offshore Renminbi FX futures contracts, the USD Malaysian Crude Palm Oil Calendar Swap, as well as listed the existing iron ore futures contract for trading on CME Globex. CME Group operates five hubs in major financial centres across Asia Pacific, including Hong Kong, Kuala Lumpur, Seoul, Singapore and Tokyo. In Asia, CME Group has partnerships with Bursa Malaysia Derivatives Berhad, Dubai Mercantile Exchange, Korea Exchange, National Stock Exchange of India, Osaka Securities Exchange, and Singapore Exchange.
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 world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
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. KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, 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.
SOURCE CME Group