`WIG MAN’ WANTS TO LET HIS HAIR DOWN ON CASE
In Chicago trading lore, Thompson B. Sanders will always be known as "the wig man." Sanders was the Chicago Board of Trade member convicted in 1988 of ripping off fellow...
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CBOT DEREGULATION PLAN SAID TO JEOPARDIZE MERC
Breaking ranks with the Chicago Mercantile Exchange, the Chicago Board of Trade has proposed a new plan for deregulating futures markets. The proposal to the Senate Agriculture Committee, made in...
MR. DOW AND MR. JONES HAMMER OUT MESSAGE
As a pair of bigwigs from Dow Jones & Co. trekked through the busy Chicago Board Options Exchange on Monday, a trader shouted: "Which one's Dow? Who's Jones?" Those questions...
ON FUTURE OF OPEN OUTCRY, THE SUBJECT’S NOT CLOSED
Open outcry's leading proponents are busy these days declaring their commitment to the yelling and waving of arms that personifies traditional trading pits. Even as the Chicago Mercantile Exchange and...
FRENCH FIRM WIDENING BASTION
A decade ago, French banker Didier Varlet found himself in Chicago with a desk, a secretary and a tall order from the home office in Paris: Launch a futures trading...
CBOT’S LONDON BOND IS, WELL, FALLING DOWN
James Heinz Jr. hit it big during the 1980s as an independent "local" in the Chicago Board of Trade's U.S. Treasury bond pit. When the exchange launched its evening bond-trading...
LEARNING WHAT LEAN MEANS AT THE MERC
It's D-Day for Chicago Mercantile Exchange staffers. In a meeting Tuesday afternoon, the Merc's board will hear recommendations for budget cuts, as well as reductions in the fees the Merc...
SUSPECT IN BANK ROBBERIES WELL-KNOWN
A 46-year-old former commodities trader who stands accused of a North Shore robbery spree has a history of troubles in the commodity-futures business dating back almost two decades. Records from...