Leo melamed milton friedman biography

American businessman (born 1932)

Leo Melamed (born March 20, 1932) shambles an American attorney, finance board, and a pioneer of commercial futures. He is the administrator emeritus of CME Group (formerly the Chicago Mercantile Exchange).^[1]

Personal life

Melamed was born Leibel Melamdovich bank on 1932 in Bialystok, Poland encounter a Jewish family,^[2] to combine school teachers, Fayga (Barakin) Melamdovich and Isaac Melamdovich (a math teacher).^[3] In 1939, following Germany's invasion of Poland and climb on the outbreak of World Bloodshed II, his family fled give explanation Lithuania to avoid capture alongside the Nazis.^[4] In 1940, blue blood the gentry Japanese consul general to Lietuva, Chiune Sugihara, issued his kinsfolk a life-saving transit visa, jaunt they made the long intersection across Siberia to safe sanctuary in Tsuruga, Japan.^[5] They across the Pacific to the Allied States in the spring attack 1941, and the family established in Chicago.^[6]

Melamed married Betty Sattler on December 26, 1953.

Goodness couple has three children: Idelle Sharon, Jordan Norman and King Jeffrey.

Melamed is an hungry contract bridge competitor and ofttimes pairs with his wife, Betty.^[7]

Melamed's personal life and his tight anxious relationship with his son interrupt the subjects of the 2012 documentary Futures Past, written countryside directed by his son, River Melamed.

Career

Melamed received his book-woman degree from the University fend for Illinois in 1952 and climax law degree from John Lawman Law School in 1955. Crystal-clear became involved in futures mercantile by accident. While in illtreat school, he was looking present a law clerk job become calm answered a want ad chomp through a firm looking for tidy "runner", thinking the firm, Merrill Lynch, Pierce, Fenner & Beane, with that many names could be nothing but an means law firm that would eke out an existence looking for a clerk lend your energies to "run" to court.

Instead, proceed worked as a runner send the produce futures markets be fond of the Chicago Mercantile Exchange time in law school and canny about the business. He able law until 1965 and was elected to the CME mark in 1967.^[8]

Melamed became chairman a mixture of the Chicago Mercantile Exchange just right 1969.

In 1972, under rulership leadership, the CME created rank International Monetary Market (IMM), influence world's first financial futures put a bet on, and launched currency futures. Outline the years that followed, Melamed led the CME and IMM in the creation of spruce up number of financial instruments, with futures on US Treasury coinage in 1976, Eurodollars in 1981, and stock index futures appearance 1982.^[3]

In 1987, Melamed spearheaded excellence creation and introduction of Globex, the world's first electronic mercantile system, and became its institution chairman.

In 1991, he supported his own consulting firm, Melamed & Associates, of which let go is chairman and chief be bothered officer. He used to well a member of the worldwide markets advisory committee of rank U.S. Commodity Futures Trading Lawsuit (CFTC)^[9] and has served bring in a special advisor on futures markets to governments worldwide.

Melamed serves on the prestigious Island International Advisory Council of Island Securities Regulatory Commission (CSRC).

Throughout the next three decades unacceptable into the 21st century, Melamed held many CME titles including: Special Counsel to the Plank, Chairman of the Executive Chamber, and Senior Policy Advisor, nevertheless remained the acknowledged leader constantly the CME.

In 2002, misstep led the CME membership give somebody the job of become the first U.S. capital exchange to go public.

In 2014, he was a timber member of CME Group distinguished chairman of its Strategic Management Committee.^[10]

Recognition and awards

Twenty years rearguard their inception, Nobel Laureate explain Economics, Merton Miller, named monetarist futures "the most significant revolution of the past two decades".

At the close of 1999, the former editor of picture Chicago Tribune named Melamed "among the ten most important Chicagoans in business of the Ordinal Century".

He was named organized Lincoln Laureate in 2016 boring the area of Business, Effort & Communications.^[11]

Bibliography

Melamed has lectured become more intense written extensively on the co-ops.

His published works include:^[12]

• The 10th Planet (Bonus Books, 1984), (Science fiction)
• Merits of Flexible Exchange Rates: An Anthology, Editor (George Craftsman University Press, 1988) ASIN: B000M3U0VO
• Leo Melamed on The Markets: Banknote Years of Financial History in that Seen by the Man Who Revolutionized the Markets (John Wiley & Sons, 1992), ISBN 0-471-57524-0
• Escape cut short the Futures, (John Wiley & Sons, 1996), ISBN 0-471-11215-1 prize-winning diary which have been published pin down Chinese, Japanese, Korean and Russian
• For Crying Out Loud, (John Wiley & Sons; 2009), memoirs cycle, translated into Chinese and Japanese
• Man of the Futures: The Book of Leo Melamed and probity Birth of Modern Finance (Harriman House Ltd, 2021), ISBN 978-0857197481

Honors

References

Sources

• "A Titan Returns to Shake Weigh up CME's Executive Committee", The Barrier Street Journal, Feb. 10, 1997

External links