CME Group Inc.’s decision to spend a year-and-a-half developing its first futures contract on an Eastern European crop began with a newspaper article. Leo Melamed couldn’t believe it when he read that Vladimir Putin wished there was a way to insure a wheat harvest after Russia’s disastrous 2010 drought.
Rahm Emanuel , President Barack Obama ’s former chief of staff, raised $10.6 million through Jan. 19 for his bid to succeed Richard M. Daley as mayor of Chicago, with the help of Wall Street, LaSalle Street, Silicon Valley and Hollywood donors, campaign disclosure records show.
Barry Lind, who thrived in the open- outcry trading pits of the Chicago Mercantile Exchange before helping transform it into a central market for the electronic trading of financial instruments, has died. He was 74.
Martin Currie Ltd. and AMP Capital Investors said stock-index futures will let them hedge in China and more effectively compete with local fund managers as the nation prepares to open the market to foreign institutions.