For Immediate Release
August 26, 2009

Contact: Patricia Reiffel
312-930-3310

preiffel@melamedassoc.com

For Crying Out Loud
From Open Outcry to the Electronic Screen

by Leo Melamed

John Wiley & Sons, Inc. has announced the publication of Leo Melamed’s latest book, For Crying Out Loud.

For Crying Out Loud is the informal history of the Chicago Mercantile Exchange between 1996 and 2006, during which time the Exchange was successfully transformed from a market operating within an age-old open-outcry trading framework into a technologically cutting-edge electronic trading system and from a tight-knit, not-for-profit entity owned and run by its members into a widely traded public corporation. While by no means a complete history of the CME during this period, it highlights the critical events, significant personalities, and cliff-hanging twists and turns that were instrumental or involved in this very difficult but enormously successful metamorphosis. The book also includes a number of topical essays written by the author during this period of time as well as some exhibits pertaining to the history depicted.

Leo Melamed’s purpose in writing these memoirs is twofold. First, it provides the reader with an inside look at a major American enterprise throughout a fascinating, make-or-break historical time period during which Globex, the CME’s phenomenal electronic trading system overcame its adversaries, matured, and proved absolutely critical to the CME’s success. Second, it underscores for every business endeavor the preeminent necessity of innovation coupled with a determination to overcome the inevitable forces of the status quo.

The book has been endorsed by many financial luminaries including Paul Volcker, Myron Scholes, Martin Mayer, Robert Shiller, Michael Moskow and Russell Wasendorf, Sr. It carries a special endorsement from CME Group chairman Terry Duffy, as well as a Foreword by Craig Donohue, CEO of CME Group.

Bill Kurtis of Kurtis Productions, Ltd. offered the following comment:

Leo Melamed has written an adventure story worthy of Hemingway. It’s also a spy thriller and historic chronicle. It is the defining account of modern change that comes to an industry as old as Bedouins trading sheep on a dusty rock. Seen from the ultimate insider, we glimpse a world unseen and unknown to most of us. It is a very important work that could become a business school bible.”

Link to Amazon | Link to Border’s

Return to top of page | Return to Index | Home Page

 

BODY RIGHT SIDE SPACER
HOME
CURRENT EVENTS
ESSAYS AND SPEECHES
NOTEWORTHY ARTICLES
BIOGRAPHICAL NOTES
CME MEDIA and ME
BOOKS
GALLERY
CONTACTS AND LINKS
SITE RESEARCH
NO BUTTON
MENU BOTTOM BLOCK  
Content Footer Top Left DISCLAIMER TEXT FOOTER CORNER
COPYRIGHT 2007 LEO MELAMED ALL RIGHTS RESERVED

Page absolute bottom placeholder