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This is not a deep-analyzing treatise of how the derivatives markets work, or where they are heading. There were a few limited passages on that, especially at the end, which were my favorite parts of the book. This author is a good explainer. This book is more a readable snapshot of some fairly recent times during the merger of Chicago Board of Trade and Chicago Mercantile Exchange, seen from inside CBOT (and a recent-hire, mid-level employee's perspective, not a dealmaker in the situation). Sometimes (unfortunately, right at the start) it dwells a bit on trivial office life and personalities. When will authors get that the tinny shallow supposed flamboyance of some of these people are mostly pathetic, and beside the point? I guess it is thought to add color. However, I found it a listenable tour through a place and time, with some very very basic explanations of the business of these organizations. And, it was an OK blow-by-blow of living through a corporate merger. Overall, this was a relaxing and light sort of business read, and in that, worth it. It really whet my appetite to learn more about these markets and exchanges. I wish we had something with more meat to it, in that regard, a bit more technical.
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