Instruments Of Change // `Father of Financial Futures' Sees Exchanges Playing Role In Cleaning Up Environment

To most people, Chicago's futures exchanges arerough-and-tumble places where traders do a lot of pushing andshouting in a zero-sum game of profit and loss.

But Richard L. Sandor - dubbed the "father of financial futures"by the Chicago Board of Trade - said he believes exchanges also havea higher calling: Cleaning up the environment and solving othersocial problems.

"My role is to get the exchanges to focus on the environment,"said Sandor, a former professor at the School of Business at theUniversity of California-Berkeley and at Stanford University. "I'mvery passionate about the topic."

Sandor, 53, bridges the gap between the academic realm …