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CME Group, the world's largest and most diverse derivatives exchange, today announced that it has been named to the InformationWeek 500, the annual ranking of the most innovative users of business technology in the nation. The 2008 InformationWeek 500 companies were revealed on September 15, at a gala awards ceremony held at the St. Regis Resort in Monarch Beach, California. This is the fifth consecutive year the exchange has been named to this prestigious list of technology innovators.
"Technology plays a crucial role in our business with electronic trading representing more than 80 percent of our volume," said CME Group Chief Operating Officer Bryan Durkin. "CME Globex(R), the industry leading electronic trading platform, and our clearing operations were key factors in our successful merger with CBOT in 2007 and our recent acquisition of NYMEX. The marriage of our global benchmark products with our Globex technology has enabled us to increase our business and to meet the growing needs of our expanding customer base."
"CME's commitment to technology and innovation remains a top priority," said CME Group Chief Information Officer Kevin Kometer. "This award is a direct reflection of CME Groups employees' commitment and dedication to offering reliable and diverse technologies. We will continue to look for ways to build upon our success as we look at growing our business through technology in areas such as emerging markets and over the counter business."
The CME Globex electronic trading platform offers vast capabilities to facilitate the most complex and demanding trading. Our deep and liquid electronic marketplace enables customers to choose from the widest range of benchmark products across all asset classes, futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. Through August 2008, 82 percent of all contracts traded at CME Group have been executed via electronic trading and average daily volume for the year is 9.8 million contracts, an increase of 15 percent over this time last year. On average, trades on CME Globex are executed in less than 11 milliseconds.
InformationWeek has identified and honored the nation's most innovative users of information technology with its annual listing, now in its 20th year, and has tracked the technology, strategies, investments and administrative practices of America's best-known companies. The list is unique among corporate rankings because it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders.
"For 20 years, the InformationWeek 500 has honored the most innovative users of business technology," said InformationWeek Editor-in-Chief Rob Preston. "Year after year, InformationWeek 500 companies harness technology to improve efficiency, boost productivity, drive revenue, and establish a competitive advantage. We applaud this year's winners, and the CIOs and other executives whose ingenuity and risk taking are at the center of business technology innovation."
Additional details on the InformationWeek 500 can be found online at http://www.informationweek.com/iw500/.
