Praise for The CME Group Risk Management Handbook "Wow! The CME Group Risk Management Handbook is a 'ten strike' and long overdue. A must-read and reference for the risk management industry!"
—Jack Sandner, retired chairman of CME Group, member of the Executive Committee
"This is a powerful book for its integration of futures and options markets with an understanding of the whole economy. It is an eye-opener to see how central these markets are to our economic lives."
—Robert J. Shiller, Okun Professor of Economics, Yale University; Chief Economist, MacroMarkets LLC
"Risk management is essential to successful investing, and The CME Group Risk Management Handbook provides the essentials for understanding risk management. In the wake of the financial turmoil of the last few years, managing risk should be part of any investment program. Among the key elements of risk management are stock index, bond, currency, and commodity futures as well as a growing number of futures, options, swaps, and other financial instruments built on indices tracking housing prices, weather conditions, and the economy. The CME Group Risk Management Handbook offers a comprehensive guide for using all of these to better manage financial risks."
—David M. Blitzer, PhD, Managing Director and Chairman of the Index Committee, S&P Indices
"Dare we ignore the advice of a financial institution, the largest of its kind in the world, that navigated the recent financial crisis without the aid of a single TARP dollar or access to the Fed's cheap loans? For CME Group, risk management has meant risk minimization as it enters its 151st year of life and its 85th year of central counterparty clearing without a single trading debt unpaid. It has been, and continues to be, a leader by example."
—Philip McBride Johnson, former CFTC chairman
"For the first time, a comprehensive handbook outlining the futures market in today's world is available. The CME Group Risk Management Handbook covers futures basics for the novice trader, while the veterans will benefit from an in-depth look at options and hedging. This handbook is a necessity for any professional, investor, or other market participant seeking to manage risk in the perpetually changing futures market."
—H. Jack Bouroudjian, CEO, Index Futures Group
Author Biography:
JOHN W. LABUSZEWSKI is Managing Director of Research andProduct Development at CME Group. Labuszewski came to CME fromNikko Securities International, where he was general manager of theasset management division. He had previously worked for FenchurchCapital Management, Refco, and the Chicago Board of Trade.Labuszewski is coauthor of four previous industry-related texts. Heearned an MBA from the University of Illinois. JOHN E. NYHOFF is Director of Financial Research andProduct Development at CME Group. He has lectured extensively inthe interest rate derivative product area, and has taught financialfutures and options and related courses at DePaul University andseveral other Chicago-area colleges. Nyhoff is coauthor of twoindustry-related texts: Trading Options on Futures andTrading Financial Futures (both from Wiley). He holds amaster's in financial economics from the University of Rochester, amaster's in economics from Northern Illinois University, and abachelor's degree in economics from DePaul University. RICHARD CO is Director of Financial Research and ProductDevelopment at CME Group. He joined CME in 1999. Dr. Co received aPhD in economics from the University of Chicago in 2000 and is aChartered Financial Analyst. PAUL E. PETERSON is Director of Commodity Research andProduct Development at CME Group. He joined CME in 1989. Beforethat, Peterson served as vice president, research, for BrockAssociates from 1988 -1989; manager, education and marketingservices, for the Chicago Board of Trade from 1986-1988; andmanager, market analysis, for the American Farm Bureau Federationfrom 1983-1986. Peterson holds a PhD in agricultural economics fromthe University of Illinois and has authored a number of articles inprofessional journals and business/trade publications. CME Group is an international marketplace that bringstogether buyers and sellers on its trading floors and CME Globexaround-the-clock electronic trading platform. CME Group operatesleading derivatives exchanges including CME, Chicago Board ofTrade, and NYMEX, offering futures contracts and options onfutures, in diverse product areas including interest rates, stockindexes, foreign exchange, agricultural, energy, and metals.
