CME Group, the world's leading and most diverse derivatives marketplace, announced it will open a new facility dedicated to technology research and innovation at the Research Park on the University of Illinois at Urbana-Champaign campus.
CME Group will use the facility to employ University of Illinois engineering and computer science students to work on groundbreaking, hands-on projects related to financial technology and mathematical innovation, such as blockchain, big data analytics, distributed ledger technologies and machine learning. The company plans to employ at least 10 student interns by the end of 2016.
As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its exchanges based in Chicago, New York and London. CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, which offer clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. CME Group's products and services ensure that businesses around the world can effectively manage risk and achieve growth.