CME Group Fred Arditti Innovation Award

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The CME Group Fred Arditti Innovation Award honors an individual or group whose innovative ideas, products or services have created significant change to markets, commerce or trade. The award strives to celebrate innovation that through practical application has had a positive impact on the economic well-being of individuals, industry or a nation. Past recipients of the award have been Economics Nobel Prize winner William Sharpe^[1], Leo Melamed^[2], CME Group Chairman Emeritus and Eugene Fama.^[3], distinguished Service Professor of Finance at the University of Chicago Graduate School of Business.^[4] In 2008, the CME Group Center for Innovation (CFI) awarded Michael Bloomberg the the CME Group Fred Arditti Innovation Award.^[5]

Fred Arditti

Fred Arditti, among his various career achievements, was Chicago Mercantile Exchange’s chief economist from 1980 to 1982, playing a critical role in the development of the exchange's Eurodollar futures contract, today the most actively traded futures contract in the world and one of the most essential building blocks of the interest rate swaps market.

During his second stint at CME from 1997 to 2000, Arditti served as senior executive vice president of planning and development and spearheaded the exchange’s efforts to develop new types of futures contracts, including futures based on weather.

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Recipients

References

↑ Press Release. CME Group. Retrieved on Apr. 4, 2008.
↑ Press Release. CME Group. Retrieved on Apr. 4, 2008.
↑ Economics legend takes Fred Arditti award. CME Magazine. Retrieved on Apr. 4, 2008.
↑ Press Release. CME Group. Retrieved on Apr. 4, 2008.
↑ Press Release. CME Group. Retrieved on April 4, 2008.