CME Group Center for Innovation

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CME Group Center for Innovation
Founded 2003
Headquarters Chicago
Products Identifies, fosters and showcases industry innovation and creative thinking
Web site

The CME Group Center for Innovation was developed in 2003 by CME Group under the direction of its Chairman Emeritus Leo Melamed. The Center was created to identify, foster and showcase examples of significant innovation and creative thinking pertaining to markets, commerce and financial services in the public and private sectors. Each of the CFI’s programs aims to explore and communicate the principals behind innovation and more importantly, showcase their application to a broad and diverse audience.

Key People[edit]

Oversight of CFI is provided by the CME Group Competitive Markets Advisory Council, which includes: CMAC Chairman, John Gould; Steven Rothmeier, Distinguished Service Professor of Economics, University of Chicago Graduate School of Business; Gary Becker, Nobel Prize-Winning Economist, Professor of Economics and Sociology, University of Chicago; David Hale, International Economist and Founder, Hale Advisors, LLC; Robert Merton, Nobel Prize-Winning Economist, John and Natty McArthur University Professor, Harvard Business School; Michael Moskow, Vice Chairman and Senior Fellow for the Global Economy and former President, Federal Reserve Bank of Chicago, the Chicago Council on Global Affairs; Robert Shiller, Stanley Resor, Professor of Economics, Yale University Chief Economist, Macro Securities Research, LLC.

Additionally, the following CME Group senior officials serve as members of CMAC: Leo Melamed, CME Group Chairman Emeritus, CMAC Vice Chairman; Terry Duffy, CME Group Executive Chairman; Craig Donohue, CME Group CEO; Phupinder Gill, CME Group President; Charles Carey, CME Group Vice Chairman Jack Sandner, Retired Chairman.[1]


The CME Group Center for Innovation annually awards the Fred Arditti Innovation Award, named in honor of the late CME chief economist who pioneered the development of Eurodollar futures.[2]

Past recipients of the award include:




  1. Press Release. CME Group.
  2. CFI Programs. CME Group.