BOSTON and CHICAGO, Nov. 2,
2015 /PRNewswire/ -- CME Group, the world's leading and
most diverse derivatives marketplace and FinTech Sandbox, a
nonprofit whose mission is to promote entrepreneurship and
innovation globally in the financial technology sector, today
announced a new data agreement. CME Group will provide FinTech
Sandbox startups with free access to historical futures and options
data to promote technological innovation that will benefit the
industry.
"We formed this agreement with FinTech Sandbox because we
strongly believe in supporting entrepreneurs in the global FinTech
community," said Craig Mohan, CME
Group Managing Director of Market Technology and Data Services.
"The futures industry was built on innovation and we are excited to
help startups make advancements in areas that will positively
impact our customers."
"Access to the kind of deep, quality data that CME Group is
making available gives startups in our program a tremendous leg up
in identifying problems to solve and in building products to the
robust standards of large financial institutions," said
Jean Donnelly, Executive Director of
FinTech Sandbox.
Unique among organizations supporting startups in the burgeoning
global FinTech ecosystem, FinTech Sandbox facilitates free access
to financial data and infrastructure for up-and-coming startups.
FinTech Sandbox takes no fees and requires no equity from startups
that participate. The six-month program includes:
- A robust set of data feeds and APIs from a wide array of data
partners
- Cloud hosting from industry-leading infrastructure
partners
- Membership in a vibrant, global FinTech community
For more information, please visit
http://fintechsandbox.org/.
About CME Group
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) 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
commodities, metals, weather and real estate. CME Group brings
buyers and sellers together through its CME Globex® electronic
trading platform, its trading facilities in New
York and Chicago, and through
its London-based CME Europe derivatives exchange.
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 contracts and
over-the-counter derivatives transactions. These products and
services ensure that businesses everywhere can substantially
mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globe and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board
of Trade are trademarks of the Board of Trade of the City of
Chicago, Inc. NYMEX, New
York Mercantile Exchange and ClearPort are registered trademarks of
New York Mercantile Exchange, Inc. COMEX is a trademark of
Commodity Exchange, Inc. All other trademarks are the
property of their respective owners. Further information about CME
Group (NASDAQ: CME) and its products can be found at
www.cmegroup.com.
About FinTech Sandbox
FinTech Sandbox is a Boston-based nonprofit founded to promote
financial technology innovation globally by providing free access
to critical data and resources to FinTech entrepreneurs and
startups. Sponsors include Fidelity Investments, F-Prime Capital,
Thomson Reuters, Silicon Valley Bank, Amazon Web Services, Intel,
SIX Financial Information, Goodwin
Procter, and .406 Ventures. For more information, please
visit http://www.fintechsandbox.org and
https://twitter.com/fintechsandbox.
CME-G
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SOURCE CME Group