My Word Is My Bond : Voices from Inside the Chicago Board of Trade

My Word Is My Bond is an intimate look into the Chicago Board of Trade. Written by personal historian, Arlene Michlin Bronstein, this book contains a collection of interviews with twenty one of the most influential members of that established bastion of auction markets. Choosing from a wide variety of topics, the author discovers differing responses to the same questions. She explores each participant in depth and takes you to a never before seen place on the exchange floor—and beyond. In between the covers of this thought provoking and deeply insightful book, you will find a collective memory that spans 100 years. Through that great teacher of "experience," you ll travel with these bright men and women as they discuss such topics as: risk transference, the fundamentals of auction markets, how world events affect finance and financial institutions, the importance of transparency in markets, and the absolute necessity of integrity in business. The information in these fascinating interviews will provide you with knowledge that is not readily available in the best MBA programs. Although there have been many books written about the history of the Chicago Board of Trade, none have taken an in depth look into the hearts and minds of the professionals who have devoted their lives to this venerable financial institution. On July 19, 2007, the Chicago Board of Trade shareholders voted to merge their exchange with the Chicago Mercantile Exchange. Reflecting the significance of this event, and the lasting importance of the Chicago Board of Trade, here is a book that represents the "last word" on the exchange and its history. This is a must read for anyone who has been part of this process or for those who aspire to a career in this extraordinary financial environment. The CHICAGO BOARD OF TRADE, established in 1848, is a leading futures and futures options exchange. More than 3,600 CBOT members/stockholders trade fifty different futures and options products every day by both open auction and electronic trading. Volume at the Exchange in 2006 surpassed 805 million contracts, the highest yearly total recorded in its history.