Description
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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Melamed, globally recognized founder of financial futures and chairman emeritus of the Chicago Mercantile Exchange (CME), provides an eye-opening account of how the CME continued to operate successfully and unfazed by the recent global financial meltdown roiling around it. The CME has been anything but a follower of the status quo. Instead, the CME and its former chairman are widely considered synonymous with innovation. The author discusses the value to countries and markets of a market that can protect itself against almost any risk, as well as the benefits to the standard of living for people around the world. He also makes familiar the trends, technologies, and products that have shaped the world of futures and options--and projects what this dynamic industry might look like in the future. It's also a great story. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)
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