Tech innovations evolving the futures industry influence product AND market pricing.

Invention shapes the futures market

In the 1840s, Chicago became a commercial center with railroad and telegraph lines connecting it with the East. Around this same time, the McCormick reaper was invented which eventually lead to higher wheat production. Midwest farmers came to Chicago to sell their wheat to dealers who, in turn, shipped it all over the country. This new method of commerce encouraged increased production and a more complex way of doing business produced new risks that needed to be managed along with the need for a robust way for discovering prices. Supply, demand, and their effect on market price brought this innovative form of commerce -- that we know today as the futures industry -- to life.

Once again this year MarketsWiki hosted their annual Summer Intern Series in Chicago and New York, events designed to provide students, interns, and those new to the financial industry with key points of career wisdom from a series of seasoned financial industry experts.

Sharing, powering, and disrupting; Since its inception, these words have described social media’s relationship with the financial markets, a (relatively) new alliance that has blossomed into a full-blown friendship. Social media has developed a special “meta ubiquity” in finance as investors can trade social media stocks and options on the exchanges while using social data itself to help make decisions on strategies.