rates so banks would have a choice so for the fed rate is the fills an important role it's secured merab or isn't secured and reflects the borrowing and lending of americans mid-size regional and community banks it is there a place richard where people can find out more about zero merab or is there a bear board dot com or some player f.x. com am fix. or a member of board dot net and our partners the c b o e two weeks from now will be releasing it over the tape. and it will be distributed through all of the terminals that you find financial information so we're just about getting ready to get a little liquid oxygen. if anybody can do it you can do it you're the father of financial futures you've written numerous books i know good derivatives is one that i really love but what's your most recent book richard it's called from electronic trading to the blocked chain and this very week barred we put our pre trade in posts trade on the block chain so we've implemented the block chain as part of our suite of products that provide electronic distribution capability so everything that's pretty tr

of rates so banks would have a choice so for the fed rate is phil's an important role it's secured merab or is unsecured and reflects the borrowing and lending of americans mid-size regional and community banks it is their place richard where people can find out more about o'meara boars or a bear board dot com or some player f.x. dot com am fix. or a member of board dot net and our partners the c b o e two weeks from now will be releasing it over the tape. and it will be distributed through all of the terminals that you find financial information so we're just about getting ready to get a little liquid oxygen. if anybody can do it you can do it you're the father of financial futures you've written numerous books i know good derivatives is one that i really love but what's your most recent book richard it's called from electronic trading to the blocked chain and this very week barred we put our three trade in posts trade on the block chain so we've implemented the block chain as part of our suite of products that provide electronic distribution capability so everything that's pretty trade

of rates so banks would have a choice so for the fed rate is phil's an important role it's secured merab or is unsecured and reflects the borrowing and lending of americans mid-size regional and community banks it is their place richard where people can find out more about o'meara boars or a more dot com or some player f.x. . f.x. . or a member of board dot net and our partners the c b o e two weeks from now will be releasing it over the tape and.

invented financial derivatives financial products back over the years and he started what's called a merab or richard thank you so much for being with us bart you know weeds great to be with you now tell us about america for it you're working it out of chicago how are you doing so far we're doing very well we started with six banks were up to ninety five members with the combined essence of one point three trade in bart you're always a charm for me we're having a record we trading about nine hundred million dollars a day from ten million dollars. we have eighty one banks and fourteen. non banks insurance companies hedge funds private equity broker dealers f c m's or all competitively bid being an offering. overnight funds and it's all transparent it's regulated without partners cboe runs the board options exchange of goggle board options exchange we wanted to create a transparent regulated competitively determined benchmark that everybody would think was fair and represented the real cost of money looks like you're well on your way and being from chicago it makes me think about all the eve

of rates so banks would have a choice so for the fed rate is fills an important role it's secured merab or is unsecured and reflects the borrowing and lending of americans mid-size regional and community banks it is there a place richard where people can find out more about zero merab or is there a bear board dot com or some player f.x. com am fix. or a member of board dot net and our partners the c b o e two weeks from now will be releasing it over the tape. and it will be distributed through all of the terminals that you find financial information so we're just about getting ready to get a little liquid oxygen. if anybody can do it you can do it you're the father of financial futures you've written numerous books i know good derivatives is one that i really love but what's your most recent book richard it's called from electronic trading to the blocked chain and this very week barred we put our three trade in posts trade on the block chain so we've implemented the block chain as part of our suite of products that provide electronic distribution capability so everything that's pretty t

yes bar we are talking with the fed we held a conference the american financial exchange where are merab or traded jointly with the university of chicago and we had dr david bowman who was the chief of staff for the chairman powell and in charge of the alternative rates committee spoken you know what his major message was you know live bore has some problems and he hoped that so for the secured overnight funding rate developed by the fed would would step in he was a gnostic on whether it was so for or a member of bor but they would be a suite of rates so banks would have a choice so for the fed rate is fills an important role it's secured merab or is unsecured and reflects the borrowing and lending of americans mid-size regional and community banks it is their place richard where people can find out more about oh merab or is there a bear board dot com or some player f.x. . or a member of board dot net and our partners the c b o e two weeks from now will be releasing it over the tape. and it will be distributed through all of the terminals that you find financial information so we're just