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IDG's CIO magazine today announced that CME, the world's largest and most diverse derivatives exchange, is a recipient of the 2007 CIO 100 award. The 20th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).
According to Abbie Lundberg, Editor in Chief of CIO magazine, "The CIO 100 award recipients serve as industry role models for business and IT excellence. This year's winners demonstrate extraordinary results in a variety of important areas, including business transformation, collaboration, customer innovation and top line contributions."
"We are proud of the recognition announced today as it highlights the efforts of CME employees around the world to extend our world-class technology platform to the benefit of CME's global customer base," said CME Managing Director and Chief Information Officer James R. Krause. "Our commitment to enhancing electronic trading allows us to further strengthen our global leadership position and reputation in financial services as well as extend our offerings to other exchanges and into new markets, such as over-the-counter (OTC) derivatives."
In the past year, CME has introduced a number of key technology initiatives to support its global growth initiatives, including:
- CME launched its 10-year service agreement to host NYMEX energy and metals products on the CME Globex® electronic trading platform in June 2006;
- In November 2006, CME introduced a colocation service for customers that significantly improves round trip times to less than 2 milliseconds;
- CME unveiled in March 2007 new functionality for trading options on futures electronically through a number of significant technology upgrades that makes it easier for customers to electronically trade CME options; and,
- FXMarketSpace, a 50/50 joint venture with Reuters, began trading foreign exchange currencies in February 2007 in the $2 trillion OTC market.
The 2007 CIO 100 awards will be presented at the La Costa Resort & Spa in Carlsbad, California, on August 21 at the conclusion of the ninth annual CIO 100 Symposium® and Awards Ceremony. About the CIO 100
The recipients of this year's CIO 100 award were selected through a three-step process. First, companies filled out an online application form detailing their innovative practices in both business and IT. Next, teams of CIO magazine editors and writers reviewed the applications in depth, looking for unique practices and substantial results. Finally, the teams met for a day-long meeting to debate the merits of each nominee and vote on the final 100. Once the top 100 honorees were selected, several honorees were chosen to receive an additional special award.
Complete coverage of the 2007 CIO 100 awards will be in the August 15 issue of CIO magazine and available online at http://www.cio.com/ on August 15.
About CME
CME (http://www.cme.com/) is the world's largest and most diverse derivatives exchange. As an international marketplace, CME brings together buyers and sellers on the CME Globex® electronic trading platform and on its trading floors. CME offers futures and options on futures in these product areas: interest rates, stock indexes, foreign exchange, agricultural commodities, energy, and alternative investment products such as weather, real estate and economic derivatives. CME is a wholly-owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME)(NASDAQ: CME), which is part of the Russell 1000® Index and the S&P 500® Index.
About CIO Magazine
Launched in 1987, CIO magazine addresses issues vital to the success of chief information officers (CIOs) worldwide. The CIO portfolio includes a companion website (http://www.cio.com/), CIO Executive Programs and the CIO Executive Council. CIO properties provide technology and business leaders with analysis and insight on information technology trends and a keen understanding of IT's role in achieving business goals. The U.S. edition of the magazine and website are recipients of 140 awards to date, including two Grand Neals from the Jesse H. Neal National Business Journalism Awards and two Magazine of the Year awards from the National Society of Business Publication Editors. CIO magazine is published in more than a dozen countries, including Australia, Canada, China, France and Germany. CIO magazine, CIO.com, CIO Executive Programs and the CIO Executive Council are produced by International Data Group's award-winning business unit: CXO Media Inc.
