A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management.
Myron Samuel Scholes is a Canadian-American financial economist. Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-originator of the Black–Scholes options pricing model. Scholes is currently the chairman of the Board of Economic Advisers of Stamos Capital Partners. Previously he served as the chairman of Platinum Grove Asset Management and on the Dimensional Fund Advisors board of directors, American Century Mutual Fund board of directors and the Cutwater Advisory Board. He was a principal and limited partner at Long-Term Capital Management and a managing director at Salomon Brothers. Other positions Scholes held include the Edward Eagle Brown Professor of Finance at the University of Chicago, senior research fellow at the Hoover Institution, director of the Center for Research in Security Prices, and professor of finance at MIT's Sloan School of Management. Scholes earned his PhD at the University of Chicago.
The derivatives market is the financial market for derivatives, financial instruments like futures contracts or options, which are derived from other forms of assets.
The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options.
The McIntire School of Commerce is the University of Virginia's undergraduate business school and graduate business school for Commerce, Global Commerce, Accounting, Management of Information Technology, and Business Analytics. It was founded in 1921 through a gift by Paul Goodloe McIntire.
Paul Tudor Jones II is an American billionaire hedge fund manager, conservationist and philanthropist. In 1980, he founded his hedge fund, Tudor Investment Corporation, an asset management firm headquartered in Stamford, Connecticut. Eight years later he founded the Robin Hood Foundation, which focuses on poverty reduction.
Sanford "Sandy" Jay Grossman is an American economist and hedge fund manager specializing in quantitative finance. Grossman’s research has spanned the analysis of information in securities markets, corporate structure, property rights, and optimal dynamic risk management. He has published widely in leading economic and business journals, including American Economic Review, Journal of Econometrics, Econometrica, and Journal of Finance. His research in macroeconomics, finance, and risk management has earned numerous awards. Grossman is currently Chairman and CEO of QFS Asset Management, an affiliate of which he founded in 1988. QFS Asset Management shut down its sole remaining hedge fund in January 2014.
Todd Joseph Zywicki is an American lawyer, legal scholar and educator. He is a George Mason University Foundation Professor of Law at George Mason University School of Law, teaching in the areas of bankruptcy and contracts.
John Francis Sandner was an American business executive and community leader. He served three stints as the chairman of the Chicago Mercantile Exchange (CME), now the CME Group, in the 1980s and 1990s.
Paul Goodloe McIntire (1860–1952) was an American stockbroker, investor, and philanthropist from Virginia. He served on the Chicago and New York Stock Exchanges. He was a generous donor to the University of Virginia and its home, the city of Charlottesville.
Peter Todd is a Canadian professor and academic administrator. He was the dean of McGill University's Desautels Faculty of Management from 2005 to 2014. Since July 2015, he has served as the director of HEC Paris.
Samuel E. Bodily is the John Tyler Professor of Business Administration at Darden School of Business, University of Virginia. He has Ph.D. and S.M. degrees from the MIT Sloan School of Management and a B.S. in Physics from Brigham Young University. He teaches strategy and decision analysis in Darden’s MBA and Executive Education programs. Professor Bodily’s area of research is decision and risk analysis, strategy modeling and analysis, forecasting and lifetime consumption and investment planning.
Jerry W. Markham is a Professor at the Florida International University College of Law, and a legal scholar on business organizations and securities regulation in the United States. He has been quoted or cited as an expert on the regulation of financial and commodities markets in a wide variety of news sources, and his three-volume collection, A Financial History of the United States, has also been cited authoritatively.
Richard L. Sandor is an American businessman, economist, and entrepreneur. He is chairman and CEO of the American Financial Exchange (AFX) established in 2015, which is an electronic exchange for direct interbank/financial institution lending and borrowing. The AFX flagship product, the AMERIBOR benchmark index, reflects the actual borrowing costs of thousands of regional and community banks across the U.S. and is one of the short-term borrowing rates, along with the Secured Overnight Financing Rate, vying to replace U.S. dollar Libor as a benchmark in the U.S.
John Connaughton is an American business executive and co-managing partner of Boston-based firm Bain Capital. He also manages Bain Capital’s private equity business.
A commodity trading advisor (CTA) is US financial regulatory term for an individual or organization who is retained by a fund or individual client to provide advice and services related to trading in futures contracts, commodity options and/or swaps. They are responsible for the trading within managed futures accounts. The definition of CTA may also apply to investment advisors for hedge funds and private funds including mutual funds and exchange-traded funds in certain cases. CTAs are generally regulated by the United States federal government through registration with the Commodity Futures Trading Commission (CFTC) and membership of the National Futures Association (NFA).
Robert "Bob" S. Kemp is a Ramon W. Breeden, Sr, Research Professor in the McIntire School of Commerce at the University of Virginia, where he has taught for over 30 years. He is a respected member of the finance department faculty and is trusted in areas such as finance, pension funds, and financial statement analysis. His work has been published in The Australian Financial Review, Journal of Financial Research, Advances in Accounting, Benefits Quarterly, Journal of Mathematics Applied in Business and Industry, Journal of Accountancy, Journal of Commercial Bank Lending, The Journal of Bank Accounting and Auditing, and Journal of Business Economics.
Interactive Brokers LLC (IB) is an American multinational brokerage firm. It operates the largest electronic trading platform in the U.S. by number of daily average revenue trades. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds.
David I. Meiselman was an American economist. Among his contributions to the field of economics are his work on the term structure of interest rates, the foundation today of the implementation of monetary policy by major central banks, and his work with Milton Friedman on the impact of monetary policy on the performance of the economy and inflation.
Zhu Yuchen, also known as Eugene Zhu, is a Chinese business executive and one of the explorers and founders of the Chinese futures market. He is the former CEO of Dalian Commodity Exchange (DCE) and China Financial Futures Exchange (CFFEX). He is also the former Chairman of the China Futures Association (CFA).
