2007

2007 Winner Profile

New York Mercantile Exchange

  • Project Description: Faced with competitors eating up its market share, the New York Mercantile Exchange integrated its trading systems with the Chicago Mercantile Exchange's Globex platform rather than develop its own trading platform. Nymex saved millions in development costs and was able to more quickly meet demand from customers for electronic trading services. The company claims record trading volumes, revenues and profits as a result of the project.
  • Project type: Technology/Applications/Middleware/EAI
  • CIO: $model.cio100.cioFirstName Gaer, CIO
  • CEO: James Newsome, President and CEO
  • Headquarters: New York, N.Y.
  • Industry: Financial Services
  • Revenue (2006): $497 million
  • Website: www.nymex.com
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