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Article: Exchange chief Sandor trading on clean air.(Richard Sandor)
- Article from:
- Waste News
- Article date:
- September 17, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ann Saphir Crain's Chicago Business
Richard Sandor considers himself a radical, dating to his days teaching at the University of California, Berkeley in the late 1960s. But while students were practicing free love, Sandor was advocating for free markets. In those days, he conceived of financial futures contracts and wrote a paper touting the potential of electronic trading, then an alien concept.
His idea broke big in 1975, when, as the Chicago Board of Trade's chief economist, he invented the interest-rate futures that eventually cemented Chicago's place as the world's derivatives capital.
Today, Sandor appears on the cusp of another ...