SINGAPORE, Sept. 20, 2018 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, announced the company was named 'International Exchange of the Year for Asia' by Global Investor Group at the FOW and Global Investor Asia Capital Markets Awards 2018. The awards ceremony held in Singapore today recognized CME Group's excellence for the products and services launched for the Asian market and for the significant volume growth it has achieved in the past year.
"We are pleased to receive this recognition from Global Investor Group, which would not have been possible without the support from our clients over the past year," said Terry Duffy, Chairman and Chief Executive Officer, CME Group. "We continue to focus on delivering products, technology and clearing services that market participants need to manage risk in Asia and around the world."
"Asia is a key pillar to our international growth strategy, with quarterly average daily volume from the region hitting an all-time high of 923,000 contracts per day in Q1 2018," said Christopher Fix, Managing Director and Head of Asia Pacific, CME Group. "With our continued investments in new products and services, we are well-positioned to help our customers in Asia with their evolving risk management needs."
"CME Group has been a major player in Asia since the mid-1980s but it continues to innovate and bring new products to market relevant to Asian traders," said William Mitting, Managing Director, Global Investor Group. "CME Group has also expanded its presence in the continent now boasting seven hubs across the region, which is more than any other exchange group. Judges also praised its work with local exchanges to launch new contracts together and further internationalise local products."
Over the past twelve months, CME Group has continued to deliver on its commitment to clients in Asia Pacific with various relevant and innovative products, including the launch of the Australian Wheat FOB (Platts) futures contract, the Japanese Yen-denominated TOPIX futures contracts, monthly and quarterly Secured Overnight Financing Rate (SOFR) futures, as well as the listing of the first-ever US index futures on the S&P500 and DJIA in Taiwan with TAIFEX. CME Group also opened a new office in Sydney, affirming the company's commitment to growth in Asia Pacific, and bringing the total number of CME Group locations in Asia to seven, including Bangalore, Beijing, Hong Kong, Seoul, Singapore and Tokyo.
The FOW and Global Investor Asia Capital Markets Awards is held annually to recognize the best of the Asian derivatives industry, where entries and nominations for the Awards are evaluated by a panel of industry experts drawn from across the market in a range of disciplines.
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. CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing, which offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. CME Group products and services ensure that businesses around the world can effectively manage risk and achieve growth.
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SOURCE CME Group