Zero-Sum Game (ePub)

In 2007, a stranger-than-fiction multibillion-dollar bidding war
for the Chicago Board of Trade (CBOT) erupted between the Chicago
Mercantile Exchange (CME) and Atlanta's
IntercontinentalExchange (ICE). Zero-Sum Game: The Rise of the
World's Largest Derivatives Exchange takes readers behind
the scenes of this battle to tell the gripping--and often
comical--story of how the historic merger between CME and CBOT
almost didn't happen.

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
CBOT's 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 that's 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.