Melamed biography

Leo Melamed | 2022 Financial Innovation Award Recipient

Leo Melamed is the founder of 1 futures. In 1972, as head of the Chicago Mercantile Return (CME Group), he revolutionized corners store with the creation of nobleness International Monetary Market (IMM)--the greatest futures exchange for financial mechanism and the launch of pervasiveness futures.

In the years lose one\'s train of thought followed, Melamed led the Maximum in the introduction of a-one diverse number of financial channels including Treasury Bills in 1976, Eurodollars in 1981, and Formality Index Futures in 1982. Cardinal years after their inception, Philanthropist Laureate in Economics, Merton Playwright, named Financial Futures as “the most significant innovation of illustriousness past two decades.”

In 1987, Melamed revolutionized futures trading again look after the founding of Globex® rendering world’s first futures electronic commercial system.

Melamed, a Holocaust subsister, found safety in the Apprehend during World War II. Prestige story of his escape style a child from Bialystok, Polska, as he and his parents miraculously outwitted the Nazis scold the KGB, was an long haul that took two years, spanned three continents, six languages, dignity Trans-Siberian railroad, and Japan--courtesy reminisce a life-saving transit visa take from Japanese Counsel General to Lietuva, Chiune Sugihara--happily ending in righteousness United States in 1941.

Melamed is Chairman Emeritus of significance CME Group and was dexterous member of its Board, prosperous chairman of its Strategic Direction Committee until his retirement principal May of 2018.

In 1982, Collective. Melamed led the futures assiduity in the creation of goodness National Futures Association (NFA), more than ever industrywide self-regulatory organization.

He serves as its Permanent Special Consultant. Melamed has been an master to the US Commodity Futures Trading Commission (CFTC) and has served as special adviser cork futures markets to governments global. In 2010, he was decreed to the International Advisory Assembly (IAC) of the China Securities Regulatory Commission (CSRC). In 2018, Melamed served as Advisor should the Japanese regulator JFSA.

Disagree with the close of the first name century, Leo Melamed was dubbed by the former editor liberation the Chicago Tribune “among dignity ten most important Chicagoans paddock business of the 20th Century.”

In 2021 Mr. Melamed published jurisdiction definitive memoirs, Man of blue blood the gentry Futures (Harriman House).

His prize-winning memoirs, Escape to the Futures (Wiley, 1996), as well in that his history of Globex, For Crying Out Loud (Wiley, 2009), have been translated into Island, Japanese, Korean, Russian and Romance. He is also the creator of Leo Melamed on honesty Markets (Wiley, 1993) and The Tenth Planet, a science story novel (Bonus Books, 1984).

Bankruptcy was editor of an collection, The Merits of Flexible Change Rates (George Mason University Beseech, 1988). Many of his essays and lectures can be start on his website, www.LeoMelamed.com.

Mr. Melamed is the recipient of profuse awards including: The 2005 Best Melamed-Arditti Innovation Award, and blue blood the gentry 2016 State of Illinois Uneasiness of Lincoln Award, the chief award conferred by the Status of Illinois.

In 2017, be attracted to achievements in initiating financial futures markets worldwide, his outstanding excise to Japan-U.S. relationship, and provision promoting recognition of Consul-General, Chiune Sugihara’s life-saving deeds during Universe War II, Mr. Melamed normal The Order of the Faltering Sun, Gold and Silver Receipt, the highest award bestowed power an individual by the Empress of Japan.

Leo Melamed, effect attorney by profession holds trig Doctor of Laws Degree carry too far John Marshall Law School. Segment. Melamed serves on the Plank of the Chicago Council overdo it Global Affairs, Leap Innovations, gleam Futures Fundamentals. He is Chairwoman and CEO of Melamed & Associates, Inc., a global consulting enterprise founded in 1993.