Barry Lind, Monetary Markets Pioneer, Dies

Winnetka resident, monetary markets pioneer, co-creator of the International Monetary Market and former Chicago Mercantile Exchange board of directors member Barry Lind, 74, died after being hit by a car in Rancho Mirage in California on Wednesday night, the Chicago Tribune reported. 

Authorities in Riverside County, CA. told the Chicago Tribune that Lind was crossing a street to assist someone else that had been involved in a traffic accident when he was hit by a car. While the accident remains under investigation, it dos not appear that alcohol was a factor in the crash. 

Lind began working at the Chicago Mercantile Exchange in 1962 and founded the brokerage firm Lind-Waldock and Co. in 1965, which was one of the first firms to market futures to retail investors, the Sun-Times reported. Lind sold the firm in 2000 and focused on an investment firm, Silver Young Capital LLC, which he ran with his cousin Alan Young. 

While at the Chicago Mercantile Exchange, Lind helped to create the International Monetary Market, and also promoted technology as a way to improve futures trading, the Sun-Times reported. Lind also founded and chaired the Rose Lind Charitable Trust, named for his mother, which supports medical research and helping the underprivileged gain access to health care. 

Lind was named to the Futures Industry Association Hall of Fame in 2005, Bloomberg news reported. 

“This place makes you old quickly and keeps you young forever,” Lind told Newsweek Magazine in a 1976 article, Bloomberg News reported. “When that opening bell rings, the adrenaline just starts pumping.”