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.[1]

Fred Arditti[edit]

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.


  • 2010 - David Ferrucci, senior manager for Semantic Analysis and Integration at IBM
  • 2009 - Harry Markowitz, Nobel Prize winning Economist
  • 2008 - Michael Bloomberg, New York City Mayor
  • 2007 - Eugene Fama, Robert R. McCormick Distinguished Service Professor of Finance at the University of Chicago Graduate School of Business
  • 2006 - Leo Melamed, founder of financial futures and Chairman Emeritus of CME Group
  • 2005 - William Sharpe, winner of the 1990 Nobel Prize in Economics and STANCO 25 Professor of Finance Emeritus at Stanford University’s Graduate School of Business.