CME Group named 'International Exchange of the year for Asia' by Futures & Options World

UNITED STATES September 27 2013 7:01 AM

SINGAPORE (Scrap Register): CME Group, the world's leading and most diverse derivatives marketplace, has announced the company was named 'International Exchange of the Year for Asia' by Futures & Options World (FOW) at the 2nd FOW Awards for Asia 2013.  The awards ceremony held today in Singapore recognized CME Group's excellence in the launch of products and services for the Asian market in the past year.

"We are honored to receive this award from FOW," said Julien Le Noble, Managing Director, Head of Asia Pacific, CME Group. "This recognition not only reflects our client-focused approach in Asia, but is also an endorsement of the investment we have made in the region and the expansion of our products and services across different asset classes in order to meet the needs of the Asian market.  We look forward to continuing to enhance and expand our offerings as more customers around Asia Pacific are accessing our markets to manage their risk."

Now in its second year, the annual FOW Awards for Asia recognize the best of the Asian derivatives industry, where entries and nominations for the Awards are evaluated by FOW's judging panel.

Last year, CME Group was also named 'International Exchange of the Year for Asia' by FOW, and this year's win marks the second time the company has won this particular award category, since the inauguration of the awards in 2012.

In 2013, CME Group has also introduced several new products to cater to the needs of the Asian market, including the Indian Rupee and the offshore Renminbi FX futures contracts, the USD Malaysian Crude Palm Oil Calendar Swap, as well as listed the existing iron ore futures contract for trading on CME Globex. CME Group operates five hubs in major financial centres across Asia Pacific, including Hong Kong, Kuala Lumpur, Seoul, Singapore and Tokyo.  In Asia, CME Group has partnerships with Bursa Malaysia Derivatives Berhad, Dubai Mercantile Exchange, Korea Exchange, National Stock Exchange of India, Osaka Securities Exchange, and Singapore Exchange.