Richard Sandor is one of the founders of financial futures. As chief economist at the Chicago board of Trade, he was instrumental in developing the Ginnie Mae futures contract. This contract paved the way for a whole new class of interest rate futures, which today account for the lion’s share of the global futures volume. He also helped design Treasury bond futures and Treasury note futures, which became the flagship products for the CBOT. He also has had a distinguished career in academia, holding faculty positions at the University of California at Berkeley,Stanford University, and Northwestern University. More recently, he has pioneered the development of futures on emissions allowances and currently serves as chairman and chief executive officer of the Chicago Climate Exchange.