During my internship over the summer I worked with three other interns in my specific department. I worked at the Chicago Mercantile Exchange in their clearing house. The CME is one of the largest derivatives exchanges in the world, and the clearing house takes a lot of the risk away from trading by matching trades and acting as the buyer to every seller and vice versa, ensuring that if one side can not fulfill the trade, then CME will fulfill the trade itself. Over the summer we worked in a department that would receive emails and phone calls from firms that needed our help for something, where we would either complete the task for them or hand them off to the department that would be able to help them as part of our daily operations. Most of the help we did for them as interns had to do with testing how their systems worked with ours to ensure there were no problems. We would do these tests individually, but we would also have projects throughout the summer w...
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