For Crying Out Loud

A follow-up to Leo Melamed on the Markets, this book covers the developments in the futures markets since 1992 and discusses their transition through the digital age. The author, a recognized founder of financial futures, details the global issues confronting the futures market. You ll learn how financial markets have allowed investors to manage generalized risks to both reduce exposure or enhance value to capture increased profits. Additionally, you'll discover trends, technology, and products that have shaped the world of futures and options, and what the future holds.

A follow-up to Leo Melamed on the Markets, this book coversthe developments in the futures markets since 1992 and discussestheir transition through the digital age. The author, a recognizedfounder of financial futures, details the global issues confrontingthe futures market. You'll learn how financial markets haveallowed investors to manage generalized risks to both reduceexposure or enhance value to capture increased profits.Additionally, you'll discover trends, technology, and products thathave shaped the world of futures and options, and what the futureholds.

Foreword.Preface.
Acknowledgments.
Author's Note.
PART I: BATTLING THE TYRANNY OF THE STATUS QUO.
CHAPTER 1 Countdown to Liftoff.
CHAPTER 2 Globex: The Fundamental Difference.
CHAPTER 3 EOA: The Rocket Propellant Fuel.
CHAPTER 4 E-Mini: Springboard for the Mexico Success.
CHAPTER 5 Strategic Commotion: Planning the Journey.
CHAPTER 6 Global Competition: The Ultimate Enforcer.
CHAPTER 7 Demutualization: Stepping on the Moon.
CHAPTER 8 Dot-Coming: The False Paradise.
CHAPTER 9 Cabal: Boardroom Intrigue.
CHAPTER 10 Baptism by Fire: Sweet Victory.
Postscript: Globex Time Line.
PART II MESSENGER FROM THE FUTURES.
CHAPTER 11 Tomorrow's Technological Tidal Wave.
CHAPTER 12 Wakeup Call.
CHAPTER 13 Reminiscences of a Refugee.
CHAPTER 14 The Need for Futures Markets in an Emerging WorldEconomy.
CHAPTER 15 Panel on the Stock Market Crash of 1987.
CHAPTER 16 Preface to the Japanese Translation of Escape tothe Futures.
CHAPTER 17 Pain, Progress, and Promise: Reflections on theTwentieth Century.
CHAPTER 18 There Are No Jews in Bialystok.
CHAPTER 19 Chicago Futures in the Twenty-First Century.
CHAPTER 20 Merton Miller, 1923-2000.
CHAPTER 21 Buy a Call on the Snake: Traditional Exchanges in anE-Commerce World.
CHAPTER 22 Transformation of Futures Exchanges.
CHAPTER 23 Our Middle Name.
CHAPTER 24 CME Center for Innovation.
CHAPTER 25 Remarks at the Celebration of the Chinese-LanguagePublication of Escape to the Futures.
CHAPTER 26 Knowledge Tag.
CHAPTER 27 CME Fred Arditti Award.
CHAPTER 28 Math Is in Our Futures.
CHAPTER 29 If It's Good Enough for Milton.
CHAPTER 30 Education: The Only Thing that Never Fails.
CHAPTER 31 The Boy of Steel.
CHAPTER 32 CME: The House that Innovation Built.
CHAPTER 33 The Law of Selective Gravity.
CHAPTER 34 The Gray Swan.
PART III APPENDIXES.
APPENDIX 1A The Third Milestone 263
APPENDIX 1B Letter to Milton Friedman 268
APPENDIX 3A It's Time for a Change 270
APPENDIX 3B A Brief Who's Who of the Members of the EquityOwners' Association.
APPENDIX 3C A Merged Future for Two Exchanges?
APPENDIX 3D The Merc Fights for Self-Regulation.
APPENDIX 3E Dear Equity Owner.
APPENDIX 3F Equity Owners' Association Status Report.
APPENDIX 3G Creating a New Alliance--Why Here and Now?
APPENDIX 4A Chairman Emeritus Remarks.
APPENDIX 4B Open Letter to the Members of the Chicago MercantileExchange.
APPENDIX 4C A Return to the Table.
APPENDIX 8A James J. McNulty Joins CME as President and ChiefExecutive Officer.
APPENDIX 8B CME Names McNulty New President and CEO.
APPENDIX 9A Chicago Mercantile Exchange Holdings Inc. BoardElects Officers.
APPENDIX 9B Letter to Audit Committee from Scott Gordon.
APPENDIX 19A Futures' Future Isn't in Chicago.
Notes.
About the Author.
Index.