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CME Group, the world's largest and most diverse derivatives marketplace, today announced that its Chief Executive Officer Craig S. Donohue has been elected to the 2010 Board of Directors for the World Federation of Exchanges (WFE), to serve a two year term. More than 50 of the world's leading exchanges have gathered in Vancouver this week for the 49th General Assembly and Annual Meeting of the World Federation of Exchanges.
"CME Group looks forward to ongoing collaboration with the WFE and its members to share insights across markets and build awareness on common issues and concerns," said Donohue. "By working together, we can ensure greater global collaboration between exchanges and derivatives market regulators so that we collectively put forward analysis and recommendations that ensure greater coordination across geographies and jurisdictions."
CME Group has long been a leader and innovator in the exchange space, creating the world's first modern futures exchange in 1848 in Chicago and then pioneering the first interest rate futures and energy futures in the 1970s and the first successful stock index futures in the 1980s. CME Group conceptualized and launched the first electronic platform for trading futures through the creation of CME Globex. In 2002, CME Group became the first U.S. exchange to go public.
