CHICAGO, Jan. 15, 2013 /PRNewswire/ -- CME Group today announced that CME Clearing has been named the Clearing House of the Year in Risk Magazine's annual Risk Awards. The annual awards recognize excellence in risk management and derivatives markets across 29 categories.
"We are honored to be named Risk's Clearing House of the Year for our OTC clearing services, particularly as the award is largely based on customer feedback," said Kim Taylor, President, CME Clearing. "This award validates our global team's efforts to develop the most efficient OTC clearing solution available. We look forward to continuing to enhance and improve our offering through new products, expanded collateral programs and even further efficiencies to meet customer needs."
The applications were evaluated by a panel of Risk Magazine senior editors and writers. The criteria included risk management, adapting to regulatory change, customer service, liquidity provision and pre- and post-sales service.
CME Clearing provides OTC clearing services for secure, flexible, real-time solutions in Interest Rate Swaps, Credit Default Swaps, FX and Commodities. The offering delivers unparalleled capital efficiencies, with portfolio margining savings up to 90 percent of margin.
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. 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