The world needed liquidity and it came to Chicago to get it
- Posted by chicagosean
- on April 24th, 2012
Happy Anniversary to our great friends at CME Group. 30 years ago this week, the $CME launched the S&P Futures contract and the world of finance hasn’t been the same since…
Here’s a piece I put up on the StockTwits blog to commemorate the occasion:
… in 1987, S&P Futures – and Chicago – cemented their roles in the world of risk management during the famous “Black Monday” crash where the S&P lost 20.4% in a single trading day. While investors couldn’t get their brokers on the phones to exit their positions and shell-shocked market makers on the floor of the NYSE put their hands in their pockets and stopped trading, the trading pit at the Chicago Mercantile Exchange never stopped moving, never stopped trading, and never stopped taking the other side of trades.
Please click thru for the rest: 30 Years Ago this Week, CME Group Changed the Trading Landscape Forever
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Sean McLaughlin - Editorial, Curation, & Investor Relations Solutions at StockTwits. Also, former Member of the Chicago Board of Trade who trades his own account in Boulder, Colorado. More »
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