The translation was sponsored by the Shanghai Securities Newspaper
Publishing House. Mr. Melamed will be speaking at a banquet hosted
by the Shanghai Futures Exchange (SHFE) in Shanghai on Friday,
May 28th to commemorate the event. Mr. Melamed and CME CEO Craig
Donohue are in Shanghai to participate in the Derivatives Market
Forum-Metals Market sponsored by SHFE.
"I am honored to be at this celebration and by the fact that the
Shanghai Securities Newspaper Publishing House undertook to publish
a translation of my memoirs," said Mr. Melamed in prepared remarks
for the banquet. "The Chinese language translation could not
have been possible without the special efforts of my friends
Yang Ke, Chen Hen, Jiang Yang, CEO of Shanghai Futures Exchange,
as well as the Chairwoman, Madam Wang Li-Hua of the SHFE."
The book, co-written with the late, award-winning financial journalist
Bob Tamarkin, the CME historian, weaves together Mr. Melamed’s
life story with his reflections on the reconstruction of the modern
CME during some of the most momentous financial events of the 20th
Century.
This marks the second translation of Mr. Melamed’s
memoirs, which will be used in Chinese universities as a resource
for the development of a futures market exchange and financial
products. "Escape to
the Futures" was previously translated in Japanese and published
in 1997 by the Bank of Japan to help Japanese students better
understand futures markets.
All royalties will be donated to the U.S. Holocaust Memorial Museum.
Mr. Melamed and his family fled the occupation of Poland in 1939.
Under Mr. Melamed’s 30 years of leadership, CME was transformed
into the world’s foremost financial futures marketplace. He is
recognized as the founder of the concept of financial futures,
with the introduction of foreign currency futures in 1972 and the
launching of the International Monetary Market (IMM). Mr. Melamed
was appointed by President Bush and President Clinton as a council
member of the U.S. Holocaust Memorial Museum, as was chosen by
F. Richard Ciccone, the former editor of the Chicago Tribune, among
the top ten Chicagoans in business during the 20th Century.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest
futures exchange in the United States. As an international marketplace,
CME brings together buyers and sellers on its trading floors and
GLOBEX® electronic trading platform. CME offers futures and options
on futures primarily in four product areas: interest rates, stock
indexes, foreign exchange and commodities. The exchange moved about
$1.5 billion per day in settlement payments in the first quarter
of 2004 and managed $38.1 billion in collateral deposits at March
31, 2004. CME is a wholly-owned subsidiary of Chicago Mercantile
Exchange Holdings Inc. (NYSE: CME), which is part of the Russell
1000® Index.
Chicago Mercantile Exchange, CME, the globe logo and GLOBEX are
registered trademarks of Chicago Mercantile Exchange Inc. Further
information about CME and its products is available on the CME
Web site at www.cme.com.
Media Contacts:
David P. Prosperi, 312/634-8604
news@cme.com
Investor Contact:
John Peschier, 312/930-8491
