.jpg)
CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has been selected by IDG's Computerworld as a 2012 Best Place to Work in Information Technology (IT) honoree, one of 100 top organizations that challenge their IT employees while providing great benefits and compensation. This is the eighth consecutive year the company has been named to this list, and once again, CME Group is the only financial exchange company to be honored. This recognition is part of the bi-weekly IT publication's 19th annual Best Places to Work in IT survey, which was published in the June 18 issue and online at www.computerworld.com.
The Best Places to Work in IT list is an annual ranking of the top 100 work environments for technology professionals by IDG's Computerworld. The list is compiled based on a comprehensive questionnaire regarding company offerings in categories such as benefits, diversity, career development, training and retention. In addition, Computerworld conducts extensive surveys of IT workers, and their responses factor heavily in determining the rankings.
"We are honored to be recognized as a great place to work in technology for the eighth year in a row," said CME Group Chief Operating Officer Bryan Durkin. "This year's recognition is especially meaningful because it coincides with the 20th anniversary of the CME Globex electronic trading platform. Since launching in 1992, CME Globex has transformed the way we grow our markets and expand our client base around the world. We are proud that CME Globex was the first - and remains among the fastest - electronic trading systems in the industry. This tradition of excellence would not be possible without our talented IT team and their strong focus on technology innovation."
"The organizations on this year's Best Places to Work in IT list consistently seek out and hire the most talented IT people, offer them competitive pay and provide great benefits," said Scot Finnie, editor in chief of Computerworld. "Many of these organizations have spent years building top-notch IT workplaces, and we applaud the amazing work they've done to sustain dynamic environments where IT professionals can work with the latest technologies and play a key role in business-critical projects."
Some of the factors that contributed to CME Group's recognition by Computerworld included the following:
- Close to 900 employees, approximately 30 percent of CME Group's workforce, work in IT and are dedicated to advancing the company's technology capabilities across all areas of the business.
- Electronic trading represents approximately 84 percent of CME Group's total volume to date in 2012, versus only 15 percent in 2000;
- CME Globex access is now available in more than 150 counties and foreign territories; access to products on CME Globex is also provided to a number of leading global exchanges through strategic partnerships;
- In 2011, record levels of non-U.S. electronic trading revenues were estimated at more than $550M, with volume outside the U.S. rising to 20% of total volume on CME Globex;
- CME Globex executes customer trades in under 3 milliseconds on average, with some markets trading in less than 2 milliseconds;
- CME Co-Location Services allow for the lowest latency CME Globex connection for customers, maximizing speed and flexibility; and,
- CME Group recently launched CME Direct, a new technology offering side-by-side trading of exchange-listed and over-the-counter (OTC) markets. CME Direct is integrated with CME Group's OTC post-trade services, CME ClearPort for straight-through clearing to CME Clearing and CME Clearing Europe and CME ConfirmHub for straight-through processing (STP). This integration ensures OTC markets are cleared and processed quickly and without manual intervention, reducing operational overheads, errors and counterparty risk.
