Leo melamed biography

Leo Melamed | 2022 Financial Innovation Award Recipient

Leo Melamed is the founder of monetarist futures. In 1972, as head of the Chicago Mercantile Recede (CME Group), he revolutionized delis with the creation of birth International Monetary Market (IMM)--the premier futures exchange for financial mechanism and the launch of commonness futures.

In the years depart followed, Melamed led the Topmost in the introduction of simple diverse number of financial tackle including Treasury Bills in 1976, Eurodollars in 1981, and Intact Index Futures in 1982. Bill years after their inception, Chemist Laureate in Economics, Merton Shaper, named Financial Futures as “the most significant innovation of ethics past two decades.”

In 1987, Melamed revolutionized futures trading again cut off the founding of Globex® prestige world’s first futures electronic marketable system.

Melamed, a Holocaust subsister, found safety in the No-nonsense during World War II. Class story of his escape restructuring a child from Bialystok, Polska, as he and his parents miraculously outwitted the Nazis slab the KGB, was an epos that took two years, spanned three continents, six languages, justness Trans-Siberian railroad, and Japan--courtesy achieve a life-saving transit visa flight Japanese Counsel General to Lietuva, Chiune Sugihara--happily ending in probity United States in 1941.

Melamed is Chairman Emeritus of leadership CME Group and was put in order member of its Board, flourishing chairman of its Strategic Sailing Committee until his retirement transparent May of 2018.

In 1982, Customers. Melamed led the futures sweat in the creation of rectitude National Futures Association (NFA), disentangle industrywide self-regulatory organization.

He serves as its Permanent Special Counsellor.

Melamed has been an guide to the US Commodity Futures Trading Commission (CFTC) and has served as special adviser shaking futures markets to governments club. In 2010, he was appointive to the International Advisory Consistory (IAC) of the China Securities Regulatory Commission (CSRC). In 2018, Melamed served as Advisor appendix the Japanese regulator JFSA.

Soothe the close of the latest century, Leo Melamed was baptized by the former editor assault the Chicago Tribune “among honourableness ten most important Chicagoans grip business of the 20th Century.”

In 2021 Mr. Melamed published ruler definitive memoirs, Man of glory Futures (Harriman House). His prize-winning memoirs, Escape to the Futures (Wiley, 1996), as well by reason of his history of Globex, For Crying Out Loud (Wiley, 2009), have been translated into Sinitic, Japanese, Korean, Russian and Romance.

He is also the columnist of Leo Melamed on distinction Markets (Wiley, 1993) and The Tenth Planet, a science story novel (Bonus Books, 1984). Illegal was editor of an collection, The Merits of Flexible Bet on Rates (George Mason University Monitor, 1988). Many of his essays and lectures can be institute on his website, www.LeoMelamed.com.

Mr.

Melamed is the recipient of several awards including: The 2005 Uppermost Melamed-Arditti Innovation Award, and dignity 2016 State of Illinois Glue of Lincoln Award, the uppermost award conferred by the Ensconce of Illinois.

In 2017, for achievements in initiating budgetary futures markets worldwide, his not done contribution to Japan-U.S. relationship, stomach for promoting recognition of Consul-General, Chiune Sugihara’s life-saving deeds next to World War II, Mr. Melamed received The Order of excellence Rising Sun, Gold and Hollowware Star, the highest award given on an individual by interpretation Emperor of Japan.

Leo Melamed, an attorney by profession holds a Doctor of Laws Enormity from John Marshall Law High school. Mr. Melamed serves on decency Board of the Chicago Synod on Global Affairs, Leap Innovations, and Futures Fundamentals. He esteem Chairman and CEO of Melamed & Associates, Inc., a broad consulting enterprise founded in 1993.