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Chicago Innovation Award Winner

CME Group

Winner in: 2004
Winning Product: Common Clearing Link
Winner Category: Chicago Innovation Award
Industry: Financial

The Chicago Mercantile Exchange and Board of Trade have created a new trading paradigm in Chicago, one that saves money through a shared innovation on a very old relationship. Two of the world’s oldest financial institutions took a dramatic step in 2004 to remain at the top of the global trading industry and to revolutionize the way business is thought of in Chicago. The Chicago Mercantile Exchange and the Chicago Board of Trade, two bodies that had been separate, competing entities for over a century, formed a common clearing link to improve efficiency and save billions of dollars each year for investors.

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