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CME Group, the world's largest and most diverse derivatives exchange, today announced that it has been selected by IDG's Computerworld, the "Voice of IT Management," as one of the top workplaces for information technology (IT) professionals for the fourth consecutive year. This honor is part of the weekly IT publication's 15th annual Best Places to Work in IT survey, which was published in the June 30 issue and online at http://www.computerworld.com/. CME Group is the only financial exchange to receive this honor, and was also acknowledged for its commitment to career development and innovation.
Since 1994, Computerworld's annual "Best Places to Work in IT" feature has ranked the top 100 work environments for technology professionals, based on a comprehensive questionnaire regarding company offerings in categories such as benefits, diversity, career development, training and retention. In addition, this year Computerworld surveyed more than 30,000 IT workers for the list, and their responses factored heavily in determining the rankings.
"This award is an acknowledgement of our team and the integral role technology plays in driving our business performance and future growth," said CME Group CEO Craig Donohue. "Our CME Globex electronic trading platform continues to provide access to the most diverse suite of benchmarks products available on any exchange, and we look forward to continuing to strengthen its industry leading reputation with the help of our talented team." "We are extremely proud of our diverse and talented people in technology at the exchange and the important enhancements they are making to ensure that CME Globex continues to provide unsurpassed speed, reliability and scalability to our global client base," said CME Group President Phupinder Gill. "We remain focused on providing exceptional service to our customers and that starts with taking care of our employees."
Some of the factors that contributed to CME Group's recognition by Computerworld included the following:
- Electronic trading represents 81 percent of CME Group's total volume to date in 2008, versus only 15 percent in 2000. In that same timeframe, average daily volume has grown more than twelve times over from 917,000 to 12.4 million contracts traded;
- CME Group is the only financial exchange in the world that operates virtually 24 hours every trading day, which means every aspect of the exchange is driven or supported by technology; and,
- CME Globex offers global access to the widest range of benchmark
products across all major asset classes -- a full range of commodity,
economic event, energy and metal, equity index, foreign exchange,
interest rate, real estate and weather products. The exchange's
technology team is charged with continuously enhancing the system's
speed, reliability and scalability to support our ongoing growth and
customer demand. Recent upgrades to the CME Globex platform have
reduced CME Globex response times by more than 50 percent, from an
average of 31 milliseconds down to approximately 13.7 milliseconds.
"The competitive edge sought by the best and smartest companies is no longer information technology itself," said Scot Finnie, editor in chief of Computerworld. "After all, IT has permeated the business processes of almost every department of virtually every enterprise. The new competitive edge is finding and retaining the very best people to chart and implement your IT strategy."
To view the complete list of the Best Places to Work in IT, please visit the Computerworld Web site at http://www.computerworld.com/.
