UNITED STATES April 23 2014 4:40 PM
CHICAGO (Scrap Register): CME Group has announced the company was named 'North America Exchange of the Year' and 'Clearinghouse of the Year' by Global Capital, a new Euromoney Institutional Investor publication incorporating the former Derivatives Week and EuroWeek.
Global Capital Derivatives presented the 2014 Americas Derivatives Awards that honor the people, companies and deals that made an impact on the global derivatives market during the past year. The awards were decided by interviews from Global Capital editorial members with senior buy-side and sell-side derivatives users across all asset classes in the Americas.
"We are very pleased to be named both the North America Exchange of the Year and the Clearinghouse of the Year based on feedback from our global client base," said Terry Duffy, CME Group Executive Chairman and President. "The Global Capital Derivatives awards certainly acknowledge our efforts to continue to provide our global customers with the tools they need to manage their financial risk."
"This recognition is especially meaningful given the tremendous transition global markets experienced over the past year," said Phupinder Gill, CME Group CEO. "Based on continued support and input from our clients, our clearing offering has helped both the buy- and sell-sides transition to mandatory clearing and has helped CME Group become the global leader in IRS client clearing open interest. On the exchange side, we also have used customer feedback to continuously improve our products and services, and we will continue to do so going forward."
The ceremony was held Tuesday evening, April 22, at the Broad Street Ballroom in New York City, and was attended by more than 180 officials from buy-side firms, sell-side firms, exchanges, industry associations and vendors.