Terrry Duffy, CME veteran of nearly five decades, reflects on the evolving landscape of finance regulation in a live interview at City Winery in Chicago. Duffy, transitioning out of his CEO position next year, discusses the rise of prediction markets, 24/7 trading, and perpetual futures. He shares his views on regulatory credibility, the distinction between spreads and futures, and his unexpected opposition to perps.
The conversation serves as an exit interview, offering insights into how the market has transformed since his early days and what he wishes he had known at the start of his career as he nears retirement.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing