Tue, Sep 1, 2015
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 - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

 

banner