This award was established in 2006 by the CME Group and MSRI. The award recognizes an individual or a group for originality and innovation in the use of mathematical, statistical or computational methods for the study of the behavior of markets, and more broadly of economics. The recipient receives a commemorative bronze medallion and a cash award of $25,000, presented during a celebration held at the CME Group headquarters in Chicago.
Recipients of the award are:
The medal was designed by San Francisco Bay Area artist Marika Somogyi. The unique double-sided bas-relief medallion is symbolic of the industry-academe partnership of the CME-MSRI Prize: mathematical formulae link one side that represents the excitement of the CME trading floor with the other face that displays a mathematician’s lecture at the chalkboard in MSRI’s Simons Auditorium.