CME Group CEO Terry Duffy is set to step down
Svmuu News: According to market reports, Terry Duffy, CEO of CME Group, is set to step down. Perhaps as a result, CME Group’s stock price fell 4% in premarket trading. Terry Duffy had previously expressed “serious concerns” about perpetual contracts, which were recently approved by U.S. regulators, stating that they serve little practical purpose for institutional investors while exposing retail traders to excessive risk.Furthermore, he “strongly disagreed” with the CFTC’s decision to approve the first batch of crypto perpetual contracts following an expedited review, warning that perpetual contracts and prediction markets are fueling a speculative frenzy among retail investors.
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