News & Updates

Upcoming Events

Through the eyes of an inventor of new markets, Good Derivatives: A Story of Financial and Environmental Innovation, by Richard L. Sandor, foreword by Ronald Coase, Nobel Laureate in Economics, tells the story of how financial innovation – a concept that is misunderstood and under attack – has been a positive force in the last four decades. If properly designed and regulated, these “good derivatives” can open vast possibilities to address a variety of global problems. Filled with provocative ideas, fascinating stories, and valuable lessons, it provides both an insightful interpretation of the last forty years in capital and environmental markets and a vision of world finance for the next forty years. View upcoming book events and signings below or visit GoodDerivatives.com.

Upcoming 2013 Events

Past Events
March 27th, 2013 Join the Goizueta Business School community as they host a discussion with Dr. Richard L. Sandor on his newest book Good Derivatives: A Story of Financial & Environmental Innovation. He will touch on what exactly ‘good derivatives’ are, how they are created and how they have performed. Along with examples of financial futures and environment and the next 40 years in finance. The discussion begins at 5pm at the Goizueta Foundation Center,  Room GBS W300 on 1300 Clifton Rd Northeast.
March 19th, 2013 The Weidenbaum Center on the Economy, Government and Public Policy, Washington University in St. Louis, will be hosting a talk by the “father of financial futures” Richard L. Sandor. Focusing on his newest book Good Derivatives: A Story of Financial and Environmental Innovation, which concentrates on the world’s first exchange to facilitate the reduction and trading of all six greenhouse gases. Washington University’s International Center for Advanced Renewable Energy and Sustainability will be cosponsoring the event and a reception will follow in the atrium of Whitaker Hall.
March 13th, 2013 Hosted by the Center for Financial Markets and Policy, the McDonough School of Business at Georgetown University is pleased to announce a lecture by Dr. Richard L. Sandor on his book Good Derivatives: A Story of Financial and Environmental Innovation from 5:00pm-7:00pm. Reception and book signing to follow.
February 27th, 2013 The University of Memphis hosts Richard L Sandor for a lecture on Good Derivatives from 8:30am-10:00am. This event is free and open to the public, but please RSVP to rsvp.lpbc@lpinsurance.com.
February 20, 2013 Join The University of Toronto and Richard L. Sandor for a lecture in the Rotman Master of Finance Speaker Series. Event page.
January 29, 2013 National Stock Exchange of India cordially invites you to a lecture with Dr. Richard Sandor, Mumbai, India 5:00pm – 6:00pm at the NSE Auditorium.
December 5, 2012 The Finance Club, Harvard Business School, hosts Richard Sandor for a lecture on Good Derivatives.
December 4, 2012 MIT Sloan Sustainability Speaker Series presents author Richard L. Sandor.
December 3, 2012 George Washington University hosts Richard Sandor for a lecture on Good Derivatives.
November 27, 2012 The Green Business Club, The Columbia Investment Management Assocation and The Sales & Trading Club at Columbia University host Richard Sandor for a lecture on Good Derivatives.
November 8, 2012 Richard Sandor on Good Derivatives at The University of Oxford.
November 5, 2012 A public lecture by Dr. Richard Sandor at the London School of Economics, hosted by the Grantham Research Institute on Climate Change and the Environment.
October 25, 2012 Richard Sandor as the keynote speaker, the Environmental Markets Association 16th Annual Meeting.
October 16, 2012 Dr. Richard L. Sandor as the keynote speaker, the World Federation of Exchanges 52nd General Assembly & Annual Meeting in Taipei. Watch presentation here
October 11, 2012 SGX-NTU invites you to the Singapore Exchange – Nanyang Technological University Sustainability Lecture Series, featuring Dr. Richard Sandor in the SGX Auditorium, Singapore.
October 9, 2012 The Civic Exchange, Hong Kong, hosts Dr. Richard Sandor for a lecture on Good Derivatives
October 1, 2012 Richard Sandor discusses financial innovation at Oklahoma University. Watch the presentation here.
September 20, 2012 The IIT Center for Financial Markets & The IIT Chicago-Kent Institute on Compliance present a lecture by Richard L. Sandor.
September 11, 2012 Brooklyn College hosts a special event with BC alumnus Dr. Richard Sandor ’62.
September 10, 2012 Yale University, Sabin Prize Speaker Series, invites Richard Sandor to speak on Good Derivatives. Watch the presentation here.
August 15, 2012 The Smithsonian Tropical Research Institute and The Fundacion Smithsonian de Panama are pleased to invite you to the book presentation “Good Derivatives” by Dr. Richard Sandor, in Ancon, Panama at the Smithsonian.
June 20, 2012 Chicago Council on Global Affairs presents, Good Derivatives: Financial Solutions to Global Problems?
June 18, 2012 Chicago Public Library Author Series, at Harold Washington Library
May 30, 2012 The Paulson Institute & The University of Chicago Center in Beijing Watch the presentation here.
May 29, 2012 Fudan University School of Management, Thought Leadership Forum with Richard L. Sandor Watch here
May 28, 2012 SHFE Derivatives Market Forum; The Development of Innovative Environmental Financial Derivatives
May 24, 2012 Chicago Society Presents An Evening with Richard Sandor, at the University of Chicago. Watch here
May 22, 2012 OSU & AEP host a discussion with Dr. Richard L Sandor & Dr. Joseph A Stanislaw Watch here
May 7, 2012 “Good Derivatives” discussion at the Kellogg School of Management Watch the presentation here.
May 6, 2012 CFA Institute; Environmental Finance Assets: Emerging Opportunities & Risks in Sustainable Investing
May 2, 2012 Milken Institute 2012 Global Conference: The Future of Financial Innovation. Watch the panel here.
April 24, 2012 A Conversation with University of Minnesota Alumnus, Richard Sandor Watch the presentation here.
April 17, 2012 Chicago Booth & the Law School present a discussion of Dr. Sandor’s new book Watch here
April 12, 2012 UC Berkeley Haas School of Business, Dean Speaker’s Series Watch the Speaker’s Series here.
April 11, 2012 Milken Institute Forum Watch the entire interview here.

Richard Sandor’s interview with Canada’s Business News Network, Tuesday May 7th, 2013

Richard Sandor’s interview with Business News Network explaining that despite derivatives being to blame for the 2008 Financial collapse they can be good and can open possibilities to address a slew of global social and health problems. Watch the 3 part interview here.

Part One.

Part Two.

Part Three. 

Richard Sandor Joins Endurance Asset Management, LLC

(April 8, 2013) Endurance Asset Management, LLC is pleased to announce the addition of world-renowned financial innovator Richard L. Sandor as a Managing Director. Sandor will serve on the firm’s Investment Committee and help grow the breadth and depth of Endurance’s investor base. Endurance, founded in October 2003, is an SEC-registered investment advisor that manages a multi-strategy fund of funds.

Noel Moore, Managing Director of Endurance, said, “Richard’s CV is impossible to summarize. As one of the authors of the CBOT bond contract, he is among the seminal founders of financial futures products. His work on La Salle Street and in the academy has always been on the forefront of market-based innovation on the behalf of investors and the public interest. From hedging interest rate risk to inventing market-based solutions to help address environmental issues, Richard delivers imaginative solutions.

With so many unprecedented challenges before the global economy today, consistently delivering alpha and relatively stable investment returns are paramount concerns. I am enthusiastic about Richard’s commitment to the Endurance team. We are very confident that Richard will make material contributions to our process and results.

Richard Sandor said, “Endurance has a very capable, experienced and committed group. They understand the dynamic nature of today’s markets. I look forward to helping the team and its investors. ”

Richard Sandor is chairman and chief executive officer of Environmental Financial Products LLC, which specializes in inventing, designing, and developing new financial markets with a special emphasis on investment advisory services. EFP was established in 1998 and was the predecessor company and incubator to the Chicago Climate Exchange (CCX), the European Climate Exchange (ECX) and the Chicago Climate Futures Exchange (CCFE).

In August 2002, TIME Magazine chose Sandor as one of its “Heroes for the Planet” for his work as the founder of the CCX. In October 2007, Dr. Sandor was honored as one of TIME Magazine’s “Heroes of the Environment” for his work as the “Father of Carbon Trading,” and, in October 2012, he was presented with the World Federation of Exchanges Award for Excellence.

While on sabbatical from Berkeley in the early 1970s he served as vice president and chief economist of the Chicago Board of Trade (CBOT). It was at that time he earned the reputation as the principal architect of the interest-rate futures market. Sandor was honored by the City of Chicago in 1992 for his contribution to the creation of financial futures and his universal recognition as the “father of financial futures.”

Sandor is a Lecturer in Law at the University of Chicago Law School, a Visiting Fellow with the Smith School of Enterprise and the Environment at the University of Oxford, and a Distinguished Professor of Environmental Finance at Guanghua School of Management at Peking University. Sandor previously taught at the University of California, Berkeley, Stanford University, Columbia University Graduate School of Business and at the Kellogg Graduate School of Management at Northwestern University.

From 1991 to 1994, Sandor was chairman of the CBOT Clean Air Committee, which developed the first spot and futures markets for sulfur dioxide emission allowances and supervised the annual allowance auctions conducted on behalf of the U.S. Environmental Protection Agency. He also served as vice chairman of the CBOT Insurance Committee and was the originator and co-author of the catastrophe and crop insurance futures and options contracts.

Prior to the creation of the Chicago Climate Exchange, Sandor was a senior financial markets executive with Kidder Peabody, Banque Indosuez and Drexel Burnham Lambert. Sandor is currently a director of American Electric Power, as well as a board member for Clean Energy Trust and an advisory board member for the Center for Financial Stability.

Scientific American’s Coverage of Columbia University Water Conference (featuring EFP)

More people in India have access to cellphones than to basic sanitation. Meanwhile, more than 7,000 villages in the northwestern part of the country suffer drinking water shortages as the water table in the breadbasket region continues to drop. And the same story can be told all over the world, according to participants of a water conference at Columbia University on March 28th.

Continue reading article here. 

Richard L. Sandor and Tom Kloet Discuss Derivatives

During his trip to Toronto to open the Toronto Stock Exchange Richard L. Sandor sat down to talk about derivatives with Tom Kloet of the TMX Group. Watch the discussion here.