Futures Past & Present: Chicago – Derivatives Industry Capital

Presenters: Rick Roche, CAIA® Mike & Matt Thompson, CFAs

Thursday, June 10, 2021 3:00 – 4:00pm CDT/ 4:00-5:00pm Eastern

Learn the answer to one of finance history’s mysteries. How and Why did Chicago become the Derivatives Industry Capital? Derivative markets are “derivative” not of New York City and its finance sector but of Chicago and its agricultural sector.

The origin of modern futures trading was established in Chicago’s trading pits. Pioneers of the prairie developed a set of standards for buying, grading and trading prairie gold that flowed from America’s farmland to Chicago – City of Big Shoulders.

This CE program takes on added urgency in a world where Volatility is everywhere! Learn the role that futures contracts and VIX-linked derivatives may play in a portfolio. “Financial futures–spawned in the belly of the hog” can help investors mitigate drawdowns.

Agenda for Futures Past & Present: Chicago – Derivatives Industry Capital includes:

  • Derivatives were ‘derived’ in Chicago, not in New York
  • History of Futures Exchanges
  • Notional Size of Derivatives Market and VIX-linked Securities Market
  • Using Derivatives as a “Portfolio Completion” tool
  • Listening to the Message of The Cboe Volatility(VIX)® Index
  • Panel Discussion — Volatility Traders
  • Audience Questions & Answers
  • Key Takeaways/Action Steps


Rick Roche, Managing Director -Educational Services and Regional Director-Business Development, Little Harbor Advisors, LLC. Rick is a 40-year asset management industry veteran & Chartered Alternative Investment Analyst (CAIA).

Mike Thompson, CFA, has 23+ years’ experience managing portfolios with a focus on volatility and risk management strategies

Matt Thompson, CFA, has over 20 years of capital markets and investing experience, focusing on futures trading with an emphasis on VIX-related exchange-traded products (ETPs).

CFP®, CIMA®, CPWA®, and RMA® one-hour approved. The CFP Board® accepts this Program for 1-hour of CE credit toward CFP certification. The Investments & Wealth Institute® accepts this webinar for 1-hour of CE credit toward certification for CIMA®, CPWA® and RMA®. By registering for this webinar, you acknowledge that the registration data will be provided to the sponsoring organizations, and that the sponsors may contact you in the future.

We believe that managing beta is a good source of alpha.