Leo Melamed: On the Markets

Three decades ago, the nascent futures industry received scant attention and even less respect, largely because its practitioners were viewed as reckless speculators who operated in a wild, esoteric world where luck reigned and sound trading techniques played almost no part. Leo Melamed has radically changed that perception. Through his innovative work as head of the Chicago Mercantile Exchange and his subsequent stewardship of the International Monetary Market, Melamed created and shaped the futures industry through innovative thinking, hard work, and the bold application of effective trading techniques, sparking a futures revolution that has taken on international dimensions.

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