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CME Group, the world's leading and most diverse derivatives marketplace, today announced that the company has been named 'Clearing House of the Year' by GlobalCapital in their Americas Derivatives Awards 2016.
The awards honor the companies, platforms, services and products that have made an impact on the U.S. derivatives market during the last 12 months. Each category is decided upon following a period of market research and editorial panels with each of the shortlisted institutions.
In its analysis, GlobalCapital's editorial team focused on CME Group's product innovation and the clearing efficiencies it has provided to market participants. In particular, the publication noted the launch of clearing for both Mexican Peso and Brazilian Real Interest Rate Swaps, bringing the clearing house's product suite up to 19 currencies.
"We are very pleased by GlobalCapital's recognition of our efforts to offer innovative clearing solutions across a variety of asset classes," said Sunil Cutinho, President, CME Clearing. "We remain focused on providing the most capital-efficient clearing solutions available, and we thank our customers for their support and feedback over the past year."
GlobalCapital also noted CME Group's compression and coupon blending initiatives which have now seen over $21 trillion reduced in gross notional, including the first EUR compression cycle using TriOptima's TriReduce Service.
The awards were presented at the GlobalCapital Americas Derivatives Awards Gala Dinner on 2 June in New York.
