I'm an independent trader... trading commodities at the C.M.E. Group, member of the Chicago Board of Trade, and I've traded derivatives and futures cash for over 15 years.

I currently lead, in Ethiopia, an exciting new initiative to establish the first Ethiopia Commodity Exchange, or ECX.

That was, of course, the birth of the Chicago Board of Trade, which is the most famous commodity exchange in the world.

The soul of commerce is upright dealing.

Ethiopia's small farmers.

I keep a daily record of my business dealings.

Electronic commerce began to spread rapidly.

living on the frontiers of possibility.

A beer today or a degree tomorrow?

Studied business administration over at UNM, got my degree.

Let's say it's 3.5 seconds in Europe.

This is a businessman making a business transaction.

Can she get the law degree?

So I decided to go there and act as a seller.

(Laughter) But in truth, nobody really knows.

China's Dalian Commodity Exchange, three years ago, 2004, overtook the Chicago Board of Trade to become the second largest commodity exchange in the world.

Some come from affluent rich educated families.

It could be between me and you.

I have a Master's in journalism from Columbia.

And just like my parents did when they finished studying abroad, we went back home.

Tony went to Boston for the purpose of carrying out an important business transaction.

And so they pleaded with me to get a degree in something.

That boy was so clever that he was helpful to the merchant in dealing.

Where did you get your degree?

We got to make sure were all drinking pepsi while we are digging for beats.

In what?

Even right here in town. A teener here and there, strictly streetlevel amounts.

A step after that is a project on fungible computers.

The deal's off.

What sale?

It was one of the main arteries which conveyed the traffic of the City to the north and west.

I said, Hey man, what is eBay?

He took over the business.

Legal changes threaten online sales in digital commerce.

And this individual, number one, what did they lose?

You got a seat on the exchange?

It's a deal.

You struck a deal?

Trade.

We got a deal.

I want to make a deal.

This could totally revamp the pesticide industries throughout the world.

In fact, in 1848, 82 grain merchants and farmers got together in a small town at the crossroads of the illinois River and Lake Michigan to establish a way to trade better amongst themselves.

What sort of deal is he getting me?

An exchange at south station.