For Crying Out Loud: From Open Outcry to the Electronic Screen
"Focuses on the dramatic transformation of trading that occurred during the 10-year period spanning 1996 to 2006, when, by and large, the modern futures exchange was born. . . Particularly enjoyable are the colorful trading stories from Melamed's many decades at the exchange, such as the night of the 1987 stock market crash when one of the exchange's largest players had an immense margin call, and Melamed himself was forced to call the firm's chief executive to demand payment. "We are the Chicago Mercantile Exchange," Melamed recalls saying on that 2 a.m. call. "And you owe us a billion dollars" . . . In an industry full of colorful characters and inspiring stories, Leo Melamed stands out. His latest book is a satisfying read for traders, innovators or young minds in search of their own American dream." (Smartmoney.com)"Chicago's success in the financial markets has gotten short shrift. That's too bad, because it's a great story. . . Leo Melamed has been at the heart of the tale for more than 40 years . . "(The Wall Street Journal)"After reading the bookFor Crying Out Loud: From Open Outcry to the Electronic Screen, one feels like he or she has received a personal tour of the Chicago Mercantile Exchange from the founder of financial futures himself, Leo Melamed. . . [the book] leaves readers with a feeling that they better understand the dynamics and values of the exchange and its members. And who better to have at your side on this historical journey than the man who stood at the helm, guiding the exchange every step of the way?"(SFO magazine)