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Information technology services industry

CME's James Krause Recognized as One of Business World's Premier 100 IT Leaders

Strategic Insights

— 1 min read

Chicago Mercantile Exchange's James Krause, managing director and chief information officer, has been named one of the Premier 100 IT Leaders by IDG's Computerworld. Krause's leadership in building CME's technology infrastructure and electronic trading platform, CME Globex, has been instrumental in driving the exchange's growth and success. The award honors executives who demonstrate exceptional technology leadership in resolving pressing business problems. Other honorees include IT leaders from prominent companies such as State Street Corp., UPS, and Hewlett-Packard.

Key Takeaways:

  • James Krause, CME's managing director and chief information officer, has been recognized as one of the Premier 100 IT Leaders by IDG's Computerworld.
  • Krause was selected from nearly 600 nominees and was evaluated against Computerworld's IT Leadership Index, a set of characteristics that describes executives who guide the effective use of IT in their organizations.
  • The award honors executives who demonstrate exceptional technology leadership in resolving pressing business problems and driving organizational growth.
  • Krause's leadership in building CME's technology infrastructure and electronic trading platform, CME Globex, has been instrumental in driving the exchange's growth and success.
  • CME Globex represents more than 70% of all trading volume and operates nearly 24 hours every trading day.
  • In 2004, Krause played a principal role in launching CME's transaction processing agreement with the Chicago Board of Trade, introduction of six European telecommunication hubs, and integration of implied pricing functionality for CME Eurodollars.
  • CME has a notional value of $1.7 trillion dollars in interest rate, stock index, and foreign exchange futures and options contracts.
  • The complete list of Premier 100 IT Leaders can be found in the January 3, 2005, issue of Computerworld and online at http://www.computerworld.com/p1002005.
  • Other honorees include IT leaders from prominent companies such as State Street Corp., UPS, Hewlett-Packard, Cardinal Health, MasterCard International LLC, Marriott International, and AFLAC.

Statistics:

  • 600: Number of nominees for the Premier 100 IT Leaders award.
  • 70%: Percentage of CME's trading volume represented by electronic trading on CME Globex.
  • $1.7 trillion: Notional value of CME's interest rate, stock index, and foreign exchange futures and options contracts.
  • 2004: Year in which Krause played a principal role in launching CME's transaction processing agreement with the Chicago Board of Trade and introducing six European telecommunication hubs.

Sources:

  • Computerworld, January 3, 2005, issue.
  • Computerworld.com, http://www.computerworld.com/p1002005.
  • CME, http://www.cme.com/.
  • IDG, http://www.idg.com/.

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