CME Group CEO Terry Duffy to Step Down

Odaily Planet Daily News According to market sources: CME Group CEO Terry Duffy is about to step down. Possibly affected by this, CME Group's stock price fell 4% in pre-market trading.

Terry Duffy previously expressed "deep concern" about the perpetual contracts that recently received U.S. regulatory approval, stating that perpetual contracts offer little practical use for institutional investors while exposing retail traders to excessive risk. Additionally, he said he "completely disagrees" with the CFTC's decision to approve the first batch of crypto perpetual contracts after a rapid review, warning that perpetual contracts and prediction markets are triggering a wave of retail speculation.