Krause was selected from nearly 600 nominees, who were measured against Computerworld’s IT Leadership Index, a set of characteristics that describes executives who guide the effective use of IT in their organizations, and evaluated by the editors and by an external panel of outside judges. Other honorees include leading IT executives from corporations such as State Street Corp., UPS, Hewlett-Packard, Cardinal Health, MasterCard International LLC, Marriott International, and AFLAC.
“Our Premier 100 list honors those who have kept fighting despite the many obstacles that technology has thrown at them in the past year,” said Don Tennant, editor in chief of Computerworld. “This group of men and women have proven themselves through all facets of business, including some of the toughest challenges, such as cultural hurdles, language barriers, corporate politics, internal/external communication, and maintaining fresh, creative ideas. They think out of the box and do not cower away from difficult projects; rather, they embrace the struggle while foreseeing the opportunities it can bring in the future.”
During his 20-year tenure with CME, Krause has been instrumental in building the exchange’s technology infrastructure and electronic trading platform known as CME Globex®. Today, electronic trading at CME represents more than 70 percent of all trading volume and operates nearly 24 hours every trading day. Among the many projects in 2004, Krause played a principal role in launching CME’s transaction processing agreement with the Chicago Board of Trade, introduction of six European telecommunication hubs and integration of implied pricing functionality for CME Eurodollars, the world’s largest and most liquid futures contract.
“Jim and his entire team have done an extraordinary job of helping CME more effectively leverage our technology resources, which has clearly helped CME make a name for itself as a leading applied-technology company in Chicago and around the world,” said CME Chief Executive Officer Craig Donohue. “With $1.7 trillion dollars in notional value transacted at CME in interest rate, stock index and foreign exchange futures and options contracts nearly 24 hours a day on our globally distributed CME Globex platform, technology is an integral part our business and supports, affects and enables our growth strategy.”
The complete list of Premier 100 IT Leaders can be found in the January 3, 2005, issue of Computerworld and online at www.computerworld.com/p1002005. The issue includes several feature articles summarizing the challenges IT Leaders expect to face in the coming year, including motivating staff, avoiding project pitfalls, shoring up network security and preparing for the rebound.
