Mon, Apr 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Richard Sandor joins board of The Volatility Exchange (VoiX)

Wednesday, November 03, 2010
Opalesque Industry Update - The Volatility Exchange (VolX®), originator of VolContracts™ — the world’s first listed instruments on realized volatility — announced at the annual Futures and Options Expo that Richard L. Sandor, Ph.D., has joined the company’s Board of Directors.

Sandor, Chairman and Chief Executive Officer of Environmental Financial Products and founder of the Chicago Climate Exchange, is widely credited as the principal architect of the interest-rate futures market in the 1970s. Sandor was honored by the City of Chicago in 1992 for his contribution to the creation of financial futures and his recognition as the “father of financial futures.”

The news followed Monday’s announcement by VolX and CME Group that CME will begin offering FX VolContracts on its major currency pairs in the first quarter of 2011 under a license agreement with VolX.

Sandor said: “The Volatility Exchange is part of a tradition of invention and creativity in the futures industry. It brings innovative and transparent products that can appeal to a vast section of market participants and their risk-management needs. I look forward to serving on their board and working with its management.”

Robert Krause, Chairman and Chief Executive Officer of The Volatility Exchange, called Sandor “one of the foremost innovators in the derivatives market.” “He brings to the board a wealth of knowledge, not only as an educator and futures expert, but also as an entrepreneur who has had great success starting financial exchanges and launching creative products,” Krause said.

Sandor was honored in 2007 as one of Time Magazine’s Heroes of the Environment for his work as the “Father of Carbon Trading.” In 1997, Sandor founded the Chicago Climate Exchange (CCX), the world’s first legally binding greenhouse gas cap-and-trade system. CCX was recently acquired by IntercontinentalExchange (ICE), and Sandor now serves as an adviser to ICE. Over the years, he has served on the boards of directors of the Chicago Board of Trade (CBOT), Chicago Mercantile Exchange, the London International Financial Futures Exchange (LIFFE) and ICE.

Sandor is a research professor at the Kellogg Graduate School of Management at Northwestern University and a Distinguished Adjunct Professor at the Guanghua School of Management at Peking University, where he also serves on its international advisory committee. He is also on the advisory committee of the TERI School of Management in India and has taught at the University of California Berkeley, Stanford University, and Columbia University.

(press release)

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Carden Capital bets on volatility[more]

    Bailey McCann, Opalesque New York for New Managers: Machine driven strategies are having a bit of a moment in the hedge fund world right now. Systematic funds have outperformed other strategies at a time when all ey

  2. Sprott AM to sell Canadian diversified fund business to management-led group[more]

    Komfie Manalo, Opalesque Asia: Toronto-based asset management company Sprott Asset Management LP (SAM) has entered into an agreement to sell its Canadian diversified fund business to a management-led group. Under the deal, the new group will have

  3. Investing - These hedge funds (and Madeleine Albright) are betting on a debt crisis, Hedge funds are upping their bets on the death of the traditional retailer, $20bn hedge fund recaps Corizon[more]

    These hedge funds (and Madeleine Albright) are betting on a debt crisis From Yahoo.com: There could be a big debt crisis brewing in places like China, India, Latin America and Africa -- and a growing number of investors are amassing war chests to cash in on the distress. Albright Capital

  4. Universities looking to defend endowments from Republican tax plan[more]

    From PIOnline.com: Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of university endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including

  5. Activist News - GAM touts 'tangible results' of turnaround as activist fight hots up, Bill Ackman not done with Herbalife, says his fight could get legs in May, Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors[more]

    GAM touts 'tangible results' of turnaround as activist fight hots up From FNLondon.com: GAM, the Swiss asset manager at the center of an attempted boardroom putsch by activist hedge fund RBR Capital, said its first-quarter results amounted to "tangible" proof that its management's plan f