For Crying Out Loud: From Open Outcry to the Electronic Screen

For Crying Out Loud: From Open Outcry to the Electronic Screen

by Leo Melamed (Author), Craig Donohue (Foreword)

Synopsis

A follow-up to Leo Melamed on the Markets, this book covers the developments in the futures markets since 1992 and discusses their transition through the digital age. The author, a recognized founder of financial futures, details the global issues confronting the futures market. You ll learn how financial markets have allowed investors to manage generalized risks to both reduce exposure or enhance value to capture increased profits. Additionally, you'll discover trends, technology, and products that have shaped the world of futures and options, and what the future holds.

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More Information

Format: Hardcover
Pages: 343
Publisher: John Wiley & Sons
Published: 18 Sep 2009

ISBN 10: 0470229438
ISBN 13: 9780470229439

Media Reviews
Focuses on the dramatic transformation of trading that occurred during the 10-year period spanning 1996 to 2006, when, by and large, the modern futures exchange was born... Particularly enjoyable are the colorful trading stories from Melamed's many decades at the exchange, such as the night of the 1987 stock market crash when one of the exchange's largest players had an immense margin call, and Melamed himself was forced to call the firm's chief executive to demand payment. We are the Chicago Mercantile Exchange, Melamed recalls saying on that 2 a.m. call. And you owe us a billion dollars ... In an industry full of colorful characters and inspiring stories, Leo Melamed stands out. His latest book is a satisfying read for traders, innovators or young minds in search of their own American dream. ( Smartmoney.com ) Chicago's success in the financial markets has gotten short shrift. That's too bad, because it's a great story... Leo Melamed has been at the heart of the tale for more than 40 years . . (The Wall Street Journal) After reading the book For Crying Out Loud: From Open Outcry to the Electronic Screen , one feels like he or she has received a personal tour of the Chicago Mercantile Exchange from the founder of financial futures himself, Leo Melamed... [the book] leaves readers with a feeling that they better understand the dynamics and values of the exchange and its members. And who better to have at your side on this historical journey than the man who stood at the helm, guiding the exchange every step of the way? (SFO magazine)
Author Bio
Leo Melamed is globally recognized as the founder of financial futures. In 1972, as chairman of the Chicago Mercantile Exchange (CME Group), he launched currency futures with the creation of the International Monetary Market (IMM) the first futures market for financial instruments. He is currently Chairman Emeritus of CME Group and CEO of Melamed & Associates, Inc. Melamed has been an adviser to the U.S. Commodity Futures Trading Commission (CFTC) and serves as special adviser on futures markets to governments worldwide. He is also the author of Leo Melamed on the Markets (Wiley), The Tenth Planet (Bonus Books), Escape to the Futures (Wiley), and editor of an anthology entitled The Merits of Flexible Exchange Rates (George Mason University Press).