Advancing the Field of Quantitative Finance
formerly the IAFE

Event: International Forum on Financial Risk
Date: November 4, 2011

Transportation Building Room 114

104 South Mathews Avenue

Urbana, IL 61801

The International Association of Financial Engineers is pleased to endorse

Good Derviatives

Master of Science in Financial Engineering Speaker Series


Richard Sandor
Chairman & CEO
Environmental Financial Products LLC

Sponsored by the Masters in Financial Engineering program at the University of Illinois

About Richard Sandor


Richard L. Sandor is Chairman and Chief Executive Officer of Environmental Financial Products LLC, which specializes in inventing, designing, and developing new financial markets with a special emphasis on investment advisory services. EFP was established in 1998 and was the predecessor company and incubator to the Chicago Climate Exchange (CCX), the European Climate Exchange (ECX) and the Chicago Climate Futures Exchange (CCFE). Sandor was honored by the City of Chicago for his contribution to the creation of financial futures and his recognition as the "father of financial futures." In October 2007, he was honored as one of TIME Magazine's "Heroes of the Environment" for his work as the "Father of Carbon Trading."


Mr. Sandor is a Distinguished Professor of Environmental Finance at Guanghua School of Management at Peking University and a Lecturer in Law at the University of Chicago Law School.


About Environmental Financial Products LLC


Environmental Financial Products LLC provides advisory services and focuses on monetizing emission reductions, energy efficiency improvements, and carbon sequestration; as well as managing exposure to diverse financial risks.

EFP acted as an advisor to various early greenhouse gas international transactions. Members of EFP's team played a leading role in the design and implementation of the SO2 emission allowance market in the United States. The firm also advised several energy companies in North America about how to incorporate integrated emissions management skills into their operations.

EFP principals have authored path-breaking literature in both the academic and popular press proposing specific design features for emissions trading systems worldwide.