This is the story of open outcry trading, electronic trading and an imaginary secret organization I created to tell the story of both. This was the first time I used SPET, or the Society for the Promotion of Electronic Trading, to tell a story.
In the late 1960s, there were two rogue candidates who ran for the role of chairman of Chicago's leading futures exchanges. One was Leo...
Before the CME went public in 2002, there was a change in leadership at the top. Terry Duffy ran for the job of chairman...