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CME Group, the world's leading and most diverse derivatives marketplace, today announced that the company has been named 'Exchange of the Year' by GlobalCapital in their annual Global Derivatives Awards.
The awards honor the companies, platforms, services and products that have made an impact on the global 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 diverse product suite and its ongoing efforts to expand the exchange's customer offering. In particular, the publication noted the launch of Ultra 10-Uear US Treasury Notes futures in January 2016, which surpassed 1 million contracts traded in its first seven weeks. This made it CME Group's most successful product launch in the company's 170 year history.
"We are pleased by GlobalCapital's recognition of our efforts to address clients' risk management needs across all asset classes," said Terry Duffy, CME Group Executive Chairman and President. "We remain focused on investing in our products and technology so we can provide our customers around the world with the most innovative solutions available. We thank our clients for their support and feedback over the past year."
"We appreciate this award and are committed to maintaining our high level of customer focus going forward," addedPhupinder Gill, CME Group CEO. "Thanks to our employees on the ground in every region, we continue to work diligently to build strong relationships with our clients, anticipate their needs, and bring to market products and services that benefit the entire marketplace."
GlobalCapital also noted CME Group's work to promote education, including both a deeper understanding of the value of derivatives industry and the importance of risk management education in classrooms.
The awards were presented at the GlobalCapital Global Derivatives 2016 Awards Dinner on 20 September in London.
