The World Federation of Exchanges (WFE) announced today that the recipient of the WFE Award for Excellence this year will be Dr. Richard Sandor, chairman and CEO of Environmental Financial Products LLC (EFP). Dr. Sandor was selected for this Award in recognition of his work at the epicenter of environmental and financial markets for more than four decades.
“In 1992, Dr. Sandor was honored by the City of Chicago for his contribution to the creation of financial futures and his recognition as the ‘father of financial futures.'”
“The WFE chose to honor Dr. Richard Sandor with the WFE Award for Excellence for his momentous innovations in financial futures and environmental financial products,” said Hüseyin Erkan, Secretary General of the WFE. “The work he completed at the Chicago Board of Trade forty years ago was a turning point in the financial world. Dr. Sandor’s contributions to the financial and environmental markets have been instrumental in the development of the industry.”
It seems the WFE is just catching up with what you and I have known about Doc for a while.
Doc and I did a podcast back on June 13 regarding his new book Good Derivatives.
I wrote Richard Sandor: A Legend In Financial Innovation in April 24 for Huffington Post.
And here is a video I did with him in May of 2011 at the Milken Institute’s Global Conference.
We should be thankful for all he’s done for our industry when you consider the likes of Jon Corzine (MF Global), Phillip Bennett (Refco), and Russell Wasendorf (PFG Best). He’s someone that anyone in the commodities space can look up to with great pride and admiration and want to emulate. I know I do.