Contents
Foreword ix
Preface xiii
Acknowledgments xxi
Chapter 1 The Early Years 1
Chapter 2 Trying to Change the World 23
Chapter 3 The Berkeley Years 47
Chapter 4 The Chicago Board of Trade Years: The
Commodity Futures Contract 65
Chapter 5 The Chicago Board of Trade Years: Financial
Futures Contract 89
Chapter 6 Educating Users and Building the Market 125
Chapter 7 Treasury Bond and Note Futures 139
Chapter 8 The Decade of the Eighties 167
Chapter 9 Globalizing Chicago Exchanges 191
Chapter 10 Environmental Finance 205
Chapter 11 Blame It on Rio 223
Chapter 12 The Beginning of the Entrepreneurial Years 239
Chapter 13 You’re Gonna Trade What 265

Chapter 14 From the Pit to the Box 291
Chapter 15 Conceiving a New Kind of Exchange 313
Chapter 16 The Twenty-First Century Lighthouse 327
Chapter 17 CCX Market Architecture 351
Chapter 18 Chicago Climate Exchange 375
Chapter 19 The Rise of the Chicago Climate Exchange 393
Chapter 20 The Fall of the Chicago Climate Exchange 413
Chapter 21 The Chicago Climate Futures Exchange 429
Chapter 22 The European Climate Exchange 453
Chapter 23 India 479
Chapter 24 Opening New Markets in China 501
Chapter 25 Good Derivatives 533
Appendixes 559
Acronyms 575
Glossary 577
Index 593