The story of the Chicago Mercantile Exchange is one of the drama and vigor, shaped by major historical events and by characters charged with a spirit of survival. One of America‘s major business success stories as the world’s leading financial futures and options exchange, no book has told its story until now.
The Merc is a first-time look inside this extraordinary institution, where the trading pits are whirl of flailing hands, emotional highs and lows, and traders screaming buy and sell orders–the last bastion of free and untrammeled capitalism. Established in 1919, by 1991 the Merc supported trading with an underlying value of approximately $50 trillion–almost forty traded on the New York Stock Exchange.
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