Wed, Jun 1, 2016
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. Investing - Scientist turned hedge fund founder cuts profitable Aussie short, Pelargos joins hedge funds’ bet on turnaround at Honda, Managers set to cash in on infrastructure debt upswing[more]

    Scientist turned hedge fund founder cuts profitable Aussie short From Bloomberg.com: AE Capital, a hedge fund run by a former atmospheric scientist, trimmed bets against the Australian dollar as it gauges shifts in the world’s two biggest economies. The Australian, Canadian and New Zeala

  2. He's lost £200m in a year - so has Britain's star hedge fund boss Crispin Odey lost his golden touch?[more]

    From Thisismoney.co.uk: ...Odey’s laid-back attitude gave no indication of the turmoil his flagship fund had put investors through. It had tumbled 20 per cent in May – a terrible performance given most of his rivals were in positive territory for the year. Odey’s fund had got into trouble after taki

  3. Comment - If you’re such a great investor, where’s your alpha?[more]

    From Mineweb.com: … They are few and far between. You likely know their names. There is a short list of those who have 1) outperformed; 2) over long periods of time, and; 3) manage substantial sums of money. It’s impressive if you are on that list, but discouraging if you seek to invest institutiona

  4. European fund managers 'dressing up’ track record to gloss on performance[more]

    Komfie Manalo, Opalesque Asia: A new study by global analytics firm Cerulli Associates has found that the problem of 'dressing up' track records by fund managers is getting worse. In its latest issue of The Cerulli Edge - Europe Edition,

  5. Why the equity short bias hedge fund underperformed in April[more]

    From Marketrealist.com: The Barclay Equity Short Bias Hedge Fund returned -0.83% in April 2016. However, on a year-to-date basis, the fund provided a return of 3.4% through April 30, 2016. The equity short bias strategy works best when the Market is in a downturn. From January 2016 to mid-Febr