CME Chairman Emeritus Leo Melamed is considered the father of modern futures markets, and has an amazing story. Here's how Melamed went from refugee to futures mastermind:pic.twitter.com/1L7SUZ3Mr0
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As an accidental futures trader Melamed quickly rose through the ranks to become CME's chairman in 1969, helping it grow from a struggling butter & egg exchange into a national marketplace.pic.twitter.com/rIXtSt1wo1
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Under Melamed's leadership, CME revolutionized the futures industry. It launched Eurodollar, FX, US Treasury, and equity index futures that are now some of the exchange's top products. Melamed also oversaw the launch of Globex in 1987, CME's electronic trading system.pic.twitter.com/BCQ52LZnbR
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Melamed is still a part of CME today, serving as its Chairman Emeritus at the age of 89. He advises industry regulators and has written several books, including some science fiction novels! The next time you see the pits or a futures ticker, thank Leo. He helped make it happen.pic.twitter.com/odwFwPu0YE
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