CHICAGO, June 21 /PRNewswire-FirstCall/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that is has been selected by IDG's Computerworld as a 2010 Best Places to Work in IT honoree for the sixth consecutive year in recognition of the company's commitment to challenging its IT team while providing great benefits and compensation. This honor is part of the weekly IT publication's 17th annual Best Places to Work in IT survey, which was published in the June 21 issue and online at www.computerworld.com. Once again, CME Group is the only financial exchange operator to receive this honor.
Since 1994, Computerworld's annual "Best Places to Work in IT" feature has ranked the top 100 work environments for technology professionals, based on a comprehensive questionnaire regarding company offerings in categories such as benefits, diversity, career development, training and retention.
"Receiving this award is a great acknowledgement of our industry leading technology capabilities and the critical role our technology team plays in helping to support our core business and drive new growth initiatives," said CME Group CEO Craig Donohue. "We look forward to continuing to apply our technology expertise to bring innovative trading solutions to market and expand our global distribution."
"Our clients around the world continue to benefit from our strong investment in technology, and we want to thank our employees for their continued focus on improving system functionality and customer connectivity," said CME Group President Phupinder Gill. "We are extremely proud of the great work they have done to advance our reputation as a leading technology company."
Some of the factors that contributed to CME Group's recognition by Computerworld included the following:
- Electronic trading represents approximately 83 percent of CME Group's total volume to date in 2010, versus only 15 percent in 2000. In that same timeframe, average daily total volume has grown more than thirteen-fold from 917,000 to 12.7 million contracts traded;
- CME is the first financial exchange in the world to operate virtually 24 hours every trading day, which means every aspect of the exchange is driven or supported by technology; and,
- CME Globex, which is currently approved to operate in 150 countries and foreign territories, offers global access to the broadest array of futures and options products across all major asset classes – a full range of interest rate, equity index, foreign exchange, energy, agricultural commodities, metals, weather and real estate products. CME Group's technology team is charged with continuously enhancing the system's speed, reliability and scalability to support ongoing growth and customer demand. The CME Globex platform is one of the most efficient and robust electronic trading platforms available today, capable of executing customer trades in under 7 milliseconds, with some markets trading in 2.5 milliseconds.
"To be among the Best Places to Work in IT, it's not enough just to seek out and hire the most talented IT people, offer them competitive pay and provide great benefits," said Scot Finnie, editor in chief of Computerworld. "The organizations that made this year's Best Places to Work list sustain a dynamic work environment in which IT professionals keep their hands on the latest technologies and work on projects that are business critical."
About CME Group
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 largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are 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.
Computerworld is the leading source of technology news and information for IT influencers worldwide, providing peer perspective, IT leadership and business results. Computerworld's award-winning Web site (www.computerworld.com), bi-weekly publication, focused conference series and custom research forms the hub of the world's largest (40+ editions) global IT media network. In the past five years alone, Computerworld has won more than 100 awards, including 13 American Society of Business Publication Editors (ASBPE) awards in 2009, the 2009 Best Blog from the Neal awards, and 2006 Best Overall Web Publication from ASBPE. Computerworld leads the industry with an online audience of over 3 million unique, monthly visitors and a print audience of 1,059,000 readers each issue (IntelliQuest CIMS Fall 2009). Computerworld is published by IDG Enterprise, a subsidiary of International Data Group (IDG), the world's leading media, events, and research company. Company information is available at www.idgenterprise.com.
Note: All product and company names are trademarks of their respective organizations.
SOURCE CME Group