Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to an indispensable tool for managing risk as well providing an alternative investment to traditional stock and bond portfolios.
Sandor, who created the first interest rates futures in the 1970s and later a market for carbon emissions, envisioned interest rate futures because he understood the basic purpose of futures and saw a need.
The MF Global debacle rocked the futures industry and its full impact is yet to be felt. We talked to some industry veterans regarding the fallout of MF Global in the industry and its regulatory processes. Here is what they had to say.
Originally published in our 2007 "Agents of Change" special issue, this piece chronicles Philip McBride Johnson's involvement in the regulatory structure of the futures industry and his role in bringing financial instruments to the futures markets.