CME: Ideas that Change the World.

CME Magazine is designed to keep you up-to-date on developments that can enhance your successful participation in the dynamic derivatives industry. Published quarterly, the magazine features customer case histories, new product information, technology updates, trend stories and news briefs.

As the world's largest and most diverse financial exchange, CME is committed to serving our customers and shareholders, and helping them achieve their business and investment objectives in a changing world.

The Chicago Mercantile Exchange (CME or, simply, "The Merc") (NYSE: CME) is an American financial exchange based in Chicago. The CME was founded in 1898 as the Chicago Butter and Egg Board. Originally, the exchange was a not-for-profit organization. The exchange demutualized in November 2000, and went public in December 2002. The Chief Executive Officer of the Merc is Craig S. Donohue.

CME trades several types of financial instruments: interest rates, equities, currencies, and commodities. It also offers trading in exotic instruments such as weather and real estate derivatives.

CME has the largest options and futures contracts open interest (number of contracts outstanding) of any futures exchange in the world. (Wikipedia.org)

Download CME Magazine, Summer 2006

Pdf format, 2.1mb, 32pages.

On the Cover
Ozzie Guillen went from a favorite White Sox ballplayer to the manager that delivered Chicago’s first World Series trophy in 88 years.

14 IDEAS THAT CHANGE THE WORLD
The Wizard of Oz Chicago White Sox manager Ozzie Guillen tells it like it is. Here’s how he brought Chicago a World Series championship and how he wants more.

As a proven leader in innovation, CME has created new products, markets and technologies that have changed the world of modern finance. We invented financial futures and were the first exchange in the United States to demutualize and become publicly traded, creating a successful business model that other leading exchanges are following. Our breakthrough ideas have generated a range of risk management tools that improve the way markets work for customers everywhere.

To recognize the impact of other groundbreaking contributions wherever they have made a difference, we are dedicating the cover story in each issue of CME Magazine to individuals or organizations whose ideas have had a similar impact in effecting change. In this issue, we are featuring Ozzie Guillen, Chicago White Sox manager, whose player and managerial skills have brought home a winner.

Visit CME Official Website

CME is the world’s largest and most diverse financial exchange.

Leveraging the Power of Teamwork

At CME we believe that powerful ideas can and do change the world. In this issue of CME Magazine, we examine how the idea of effective teamwork is transforming not only our financial marketplace, but also one of our hometown sports franchises.

Our cover story is devoted to a man whose innovative ideas and instinct for leadership generated a remarkable turnaround of a major-league baseball team in a very short period of time. In his second year as manager of the Chicago White Sox, Ozzie Guillen led the team to its first World Series title since 1917. Guillen’s success demonstrates that strong personal leadership in developing a winning strategy and effectively motivating a high-powered team of individuals to deliver on it can have impressive results.

CME also is focused on developing powerful new teams. Recently, we announced three new initiatives that involve teaming up with others. We think they will open enormous opportunities for a wide range of customers and attract new participants to our markets around the world. These initiatives, which are featured in this issue of the magazine, include:

• A partnership with NYMEX that makes NYMEX energy products available throughout the world on our CME Globex electronic trading platform.

• The launch of a 50-50 joint venture with Reuters to create a unique new company, FXMarketSpace, which will offer customers the world’s first centrally-cleared global foreign exchange (FX) marketplace for spot FX trading.

• The creation of an entirely new class of derivatives – CME housing futures – to provide a barometer for housing values and a range of trading opportunities based on residential homes, the second largest asset class in this country. An interview with Robert Shiller, developer of the Case-Shiller Home Price Indices on which our products are based, is included.

Readers also can learn about the significant enhancements we have made for trading electronic options on our CME Eurodollar products – including covered options – and how even highly complex options trades can now be done simply and easily on screen. We also take a closer look at India, whose market potential for derivatives has tremendous importance for the world.

We continue to leverage our strengths to offer our customers new products and services that help them achieve their business objectives and win in the marketplace. As Ozzie might say, we plan to put our best lineup on the field every day so we can continue to serve you better.

We hope you enjoy reading CME Magazine.

Terrence A. Duffy
Chairman of the Board, CME
Craig S. Donohue
Chief Executive Officer, CME

Comments (0)

Name

Email

Comment

smaller | bigger

Add Comment