TY - BOOK AU - Sandor,Richard L. TI - Good derivatives: a story of financial and environmental innovation SN - 9780470949733 AV - HG 173 S194g 2012 U1 - 332.6457 23 PY - 2012/// CY - Hoboken, N.J. PB - John Wiley & Sons KW - Financial services industry KW - Technological innovations KW - New products KW - Green marketing KW - Industria de servicios financieros KW - Innovaciones tecnológicas KW - Desarrollo de nuevos productos N1 - Includes bibliographical references and index; The early years -- Trying to change the world -- The Berkeley years -- The Chicago Board of Trade years: the commodity futures contract -- The Chicago Board of Trade years: financial futures contract -- Educating users and building the market -- Treasure bond and note futures -- The decade of the eighties -- Globalizing Chicago exchanges -- Environmental finance -- Blame it on Rio -- The beginning of the entrepreneurial years -- You're gonna trade what? -- From the pit to the box -- Conceiving a new kind of exchange -- The twenty-first century lighthouse -- CCX market architecture -- Chicago Climate Exchange -- The rise of the Chicago Climate Exchange -- The fall of the Chicago Climate Exchange -- The European Climate Exchange -- India -- Opening new markets in China -- Good derivatives N2 - "Harnessing financial innovation to combat the world's environmental problems. In this book, Richard Sandor explains the process of creating new financial products and the equally important process of "pioneering" products to achieve widespread usage in the financial industry. Describing both his successes and failures, he offers unique insights into financial innovation, the globalized financial markets, and the bumpy road of the innovator. Sandor also discusses the vision behind the Chicago Climate Exchange and how he believes it will play a critical role in reducing the world output of greenhouse gases. In The Good Sorcerer, Sandor argues that market-based trading systems are a far more effective means of reducing pollutants than "command-and-control" dictates, and such trading systems can ultimately help find solutions to global water shortages, rainforest destruction, and endangered species. Author Richard Sandor "the father of financial futures" helped create catastrophe bonds. Proposes using market-based trading systems to solve burgeoning environmental risks. Contains a wealth of illustrative stories and lessons learned. Filled with provocative ideas, fascinating stories, and valuable lessons, The Good Sorcerer provides a snapshot of recent financial history and a vision of where we're headed"-- UR - http://catdir.loc.gov/catdir/enhancements/fy1201/2011043305-d.html UR - http://catdir.loc.gov/catdir/enhancements/fy1201/2011043305-t.html UR - http://www.loc.gov/catdir/enhancements/fy1210/2011043305-b.html ER -