TORONTO, May 29, 2015 /CNW/ - CIBC (CM: TSX) (CM: NYSE) has been named Best Derivatives House in Canada for the second year in a row by GlobalCapital, a leading capital markets news publication.

GlobalCapital's derivatives awards recognize firms for their innovation, market impact, performance, client feedback and uniqueness of approach. CIBC's selection was based on a poll of the publication's readership as well interviews with key market participants across derivatives markets.

"CIBC has once again been the outstanding Canadian bank in the derivatives market having augmented further what was already a best in show cross-asset platform," said the editors of GlobalCapital at its 2015 Americas Derivatives Awards event in New York on May 28.

"Our innovative solutions and differentiated approach reflect the needs of our clients," says Christian Exshaw, Managing Director and Head, Capital Markets Trading at CIBC. " We are honoured by the industry's recognition and look forward to continuing to deliver more innovation that benefits our clients in the future."

CIBC is a leading Canadian-based global financial institution with 11 million personal banking and business clients and three major business units - Retail and Business Banking, Wealth Management and Wholesale Banking. CIBC's wholesale banking business provides integrated credit and capital markets products, investment banking advisory services and top-ranked research to corporate, government and institutional clients around the world. Visit www.cibcwm.com for more information on CIBC and Wholesale Banking.

SOURCE CIBC