Author Erika S. Olson, a managing director at CBOT during the bidding war, delivers a blow-by-blow account of the fight for the world's oldest futures exchange, taking you inside CBOTs landmark Chicago Loop headquarters, onto the high-octane trading floor, and into executives offices.
Through the lens of the CME/CBOT deal, Zero-Sum Game:
Introduces the colorful and outspoken personalities who call the shots in this close-knit and frequently misunderstood industry
Details the reasons behind the recent, spectacular growth of a market thats existed for over 160 years
Explains how derivatives affect the lives of average consumers worldwide by influencing everything from interest rates on credit cards to the cost of a cheeseburger to the price of a gallon of gas
Reveals the inner workings of futures exchanges, and differentiates the various types of derivatives that are routinely lumped together and vilified by the media
Erika S. Olson is a former managing director of the Chicago Board of Trade and spent over ten years working in and consulting to the financial services industry. She received her MBA from Harvard Business School and her BBA from the University of Michigan Ross School of Business.
Regular price: £19.39
Buy Now with 1 Credit
Buy Now for £19.39
Customer ReviewsMost Helpful
By Philo on 08-02-13
Nice intro to Chicago exchanges, could be deeper
This is not a deep-analyzing treatise of how the derivatives markets work, or where they are heading. There were a few limited passages on that, especially at the end, which were my favorite parts of the book. This author is a good explainer. This book is more a readable snapshot of some fairly recent times during the merger of Chicago Board of Trade and Chicago Mercantile Exchange, seen from inside CBOT (and a recent-hire, mid-level employee's perspective, not a dealmaker in the situation). Sometimes (unfortunately, right at the start) it dwells a bit on trivial office life and personalities. When will authors get that the tinny shallow supposed flamboyance of some of these people are mostly pathetic, and beside the point? I guess it is thought to add color. However, I found it a listenable tour through a place and time, with some very very basic explanations of the business of these organizations. And, it was an OK blow-by-blow of living through a corporate merger. Overall, this was a relaxing and light sort of business read, and in that, worth it. It really whet my appetite to learn more about these markets and exchanges. I wish we had something with more meat to it, in that regard, a bit more technical.
5 of 5 people found this review helpful