Leo Melamed News
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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.
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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.
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A quarter century after the worst one-day stock crash in history, measures to prevent a repeat are failing to keep investors from losing confidence in the market.
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The Chicago that Richard M. Daley transformed and will hand off in May to the next mayor can be seen from the corner of Chicago Avenue and Larrabee Street.
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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.
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The agricultural price rally of 2008 unleashed riots in more than 30 countries and forced companies into bankruptcy. It lasted five months.
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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.
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CME Group Inc. , the world’s largest futures market, said second-quarter earnings rose 22 percent as trading surged in contracts based on currencies and interest rates.
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