SINGAPORE, Sept. 23, 2015 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, announced
the company was named 'International Exchange of the Year for
Asia' by Futures & Options
World (FOW) at the 4th FOW Awards for Asia 2015. The awards ceremony held in
Singapore today 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 for the fourth year in a
row since its inauguration," said Terry Duffy, Executive
Chairman and President of CME Group. "The client is always at
the center of what we do at CME Group, and today's win is
recognition of the value that this approach brings to our customers
in Asia."
"Asia is a key pillar to our
international growth strategy, and we remain committed in helping
our Asian customers with their evolving risk management needs,"
said William Knottenbelt, Senior
Managing Director, International, CME Group. "Our investments
continue to gain traction, with 22 percent volume growth in
Asia this year, and we thank our
customers for their business."
"Our commitment to our clients revolves around hiring dedicated
people, innovating regionally-relevant products, developing our
platform and growing partnerships throughout the region," said
Christopher Fix, Managing Director
and Head of Asia Pacific, CME
Group. "We will continue to look at ways to better serve the
needs of our clients, as we further grow our business in the
region."
"Winning International Exchange for Asia for the fourth year running is an
unprecedented achievement," said William
Mitting, Publisher and Editor of FOW. "Judges praised
CME Group for its continuing innovation in the launch of Asian
related products and how it works with local institutions to build
knowledge."
The FOW Awards for Asia is held
annually to recognize the best of the Asian derivatives industry,
where entries and nominations for the Awards are evaluated by FOW's
judging panel.
In the past 12 months, CME Group has grown its Asia Pacific work force by about 50
percent. Currently CME Group has about 90 employees in the
region, across five offices in Beijing, Hong
Kong, Seoul, Singapore and Tokyo. CME Group also
introduced several new Asia-centric products, including the
USD-denominated Malaysian Palm Olein Calendar Swap (based on prices
from Thomson Reuters), the Iron Ore 58% FE Low Alumina CFR China
(TSI) Futures contract, and physically-delivered Gold Kilo Futures
contract since 2014.
CME Group also signed Memorandums of Understanding on
partnership with various institutions, including Shanghai Clearing
House, Shanghai Gold Exchange, Multi Commodity Exchange of
India; a Letter of Intent on
collaboration with Taiwan Futures Exchange, a market data provision
agreement with China Financial Futures Exchange and an exclusive
license agreement for DES Japan LNG with Rim Intelligence. On
the clearing front, CME Group received a clearing and settlement
services license from Australian regulators, which allows it to
clear OTC interest rate swaps and certain non-Australian dollar
denominated interest rate derivatives traded on CME Group. In
addition, CME Group also welcomed UOBBF Clearing Limited as the
company's sixth and newest Asia-based clearing member last
year.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural commodities, metals, weather
and real estate. CME Group brings buyers and sellers together
through its CME Globex® electronic trading platform, its trading
facilities in New York and
Chicago, and through its
London-based CME Europe
derivatives exchange. 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
contracts and over-the-counter derivatives transactions.
These products and services ensure that businesses everywhere can
substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. KCBOT, KCBT and Kansas
City Board of Trade are trademarks of The Board of Trade of
Kansas City, Missouri, Inc.
All other trademarks are the property of their respective owners.
Further information about CME Group (NASDAQ: CME) and its products
can be found at www.cmegroup.com.
CME-G
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SOURCE CME Group