Terry Duffy, CME Group CEO for nearly five decades, is set to transition next year. In a live interview at City Winery in Chicago, Duffy reflects on the evolution of finance regulation, recalling the CFTC's early days and the rise of 24/7 trading and perpetual futures. He explains his opposition to perpetual futures, citing credibility issues with prediction markets and a preference for traditional spreads versus futures.
Duffy also shares insights from his career, discussing what he wishes he had known at the start of his tenure as he nears retirement. The conversation serves as a retrospective on the changing landscape of trading and regulation.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing