Richard Sandor

Richard L. Sandor

Aaron Director Lecturer in Law and Economics

Richard L. Sandor (PhD, DSc h.c.) is Chairman and CEO of the American Financial Exchange (AFX), an electronic exchange for direct interbank/financial institution lending and borrowing. He is also the CEO of Environmental Financial Products, which specializes in inventing, designing and developing new financial markets. Dr. Sandor is currently the Aaron Director Lecturer in Law and Economics at the University of Chicago Law School and an Honorary Professor at the University of Hong Kong. He was honored by the City of Chicago for his universal recognition as the “father of financial futures”. In 2002, TIME named him “Hero of the Planet”; and in 2007 as one of the magazine’s “Heroes of the Environment” for his work as the “Father of Carbon Trading.” In October 2013, Dr. Sandor was awarded the title of Chevalier dans l´ordre de la Légion d´Honneur (Knight in the French National Order of the Legion of Honor), for his accomplishments in the field of environmental finance and carbon trading. He holds an honorary degree of Doctor of Science, honoris causa, from the Swiss Federal Institute of Technology (ETH). He served on the board of directors of leading commodities and futures exchanges worldwide; and of several philanthropic and not-for-profit organizations such as the School of the Art Institute of Chicago. Dr. Sandor is the author of Good Derivatives: A Story of Financial and Environmental Innovation; the lead author of Environmental Markets: A New Asset Class, published by the CFA Institute Research Foundation; Sustainable Investing and Environmental Markets: Opportunities in a New Asset Class and How I Saw It: Analysis and Commentary on Environmental Finance (1999–2005) published by World Scientific. His books have been translated in Chinese by People's Oriental Press. His latest book, Electronic Trading and Blockchain: Yesterday, Today and Tomorrow, is forthcoming by World Scientific in the spring of 2018.