Richard (Doc) Sandor has been described as brilliant by many but from my perspective his genius is in being able to see the essence of things; understanding the simple purpose of a product and applying it free from any preconceived parameters.
Sandor, who created the first interest rates futures in the 1970s and late a market for carbon emissions, envisioned interest rate futures because he understood the basic purpose of futures and saw a need. He was free to look for industries and elements in the world that carried risk and looked to invent markets that would allow that risk to be hedged.
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