CHICAGO, Nov. 15, 2016 /PRNewswire/ -- CME
Group's Center for Innovation today announced that Sir Tim Berners-Lee, inventor of the World Wide Web
and Founding Director, World Wide Web Foundation, is the
12th recipient of the CME Group Melamed-Arditti
Innovation Award. CME Group will present the award at the ninth
annual Global Financial Leadership Conference in Naples, Fla., on Tuesday, Nov. 15.
Sir Tim Berners-Lee invented the
World Wide Web in 1989 while working as a software engineer at
CERN, the large particle physics laboratory near Geneva, Switzerland, in order to develop a
culture of accessibility, openness and discovery. Since that time,
the web has changed the world, arguably becoming the most powerful
communication medium the world has ever known.
The CME Group Melamed-Arditti Innovation Award strives to
celebrate innovation that, through practical application, has had a
positive impact on the economic well-being of individuals,
industries or nations. This award honors an individual or group
whose innovative ideas, products or services have created
significant change to markets, commerce or trade.
"The value of Sir Tim
Berners-Lee's invention is impossible to describe or to
measure," said CME Group's Chairman Emeritus and co-founder of the
Melamed-Arditti Innovation Award, Leo
Melamed. "It literally enabled all the people on Planet
Earth to be connected. It is difficult to find a greater
achievement."
"I am honored to receive the 2016 CME Melamed-Arditti Innovation
Award," said Berners-Lee. "The web was designed as a means of
sharing information. Let us all continue to encourage the use of
technology to foster creativity, innovation, positive connection
and democracy for all."
A graduate of Oxford University,
Berners-Lee teaches at Massachusetts Institute
of Technology as a 3Com Founders Professor of Engineering,
and in a joint appointment in the department of electrical
engineering and computer science at the Computer Science and
Artificial Intelligence Laboratory (CSAIL). He is also a professor
in the electronics and computer science department at the
University of Southampton in the U.K.; director of the World Wide
Web Consortium (W3C); and author of Weaving the Web and many other
publications.
The CME Group Melamed-Arditti Innovation Award recipient,
formerly known as the Fred Arditti Innovation Award, is chosen
annually by members of the Competitive Markets Advisory Council
(CMAC). The award's namesakes are Leo
Melamed, in recognition of his revolutionary achievements in
introducing financial futures instruments to the world in 1972; and
former CME Group Chief Economist Fred
Arditti, who was instrumental in developing the index upon
which CME Group's Eurodollar futures contract, the world's most
actively traded futures contract, was based. Past recipients
of the award can be found on the CME Group Center for Innovation
website.
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benchmark products across all major asset classes, including
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Chicago, New York and London. CME Group also operates one of the
world's leading central counterparty clearing providers through CME
Clearing and CME Clearing Europe, which offer clearing and
settlement services across asset classes for exchange-traded and
over-the-counter derivatives. CME Group's products and services
ensure that businesses around the world can effectively manage risk
and achieve growth.
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CME-G
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SOURCE CME Group