CBOT President and CEO Bernard W. Dan said, “It is an honor to be recognized as a leader within the futures industry by Risk magazine. This prestigious award comes on the heels of the CBOT completing the best year in its history and is further confirmation that the innovative projects accomplished by the Exchange in 2004 – from the transition to our new electronic trading platform to the implementation of the Common Clearing Link to a variety of other initiatives designed to make the Exchange more accessible globally – have benefited our customers and made a significant contribution to the futures industry at-large.”
The annual awards issue highlighted the CBOT’s accomplishments of 2004, which were achieved against a backdrop of unprecedented competition. “Such growth in a low-volatility environment was no mean feat for such an established player – especially given it faced a strategic challenge,” Risk wrote. The article also detailed the benefits of the CBOT’s new electronic trading platform, the cost reductions delivered by the Common Clearing Link, and the Exchange’s efforts to “widen its client base aggressively.” The magazine also noted, “Many end-users Risk spoke to were impressed by the CBOT’s strategy.”
To read the full story detailing the CBOT being named Derivatives Exchange of the Year, please visit the Risk magazine Website at www.risk.net. For more information on the CBOT, please log on to www.cbot.com.
