CME Group CEO Terry Duffy is about to step down.
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According to ME News, on June 17th (UTC+8), market sources indicated that CME Group CEO Terry Duffy is about to step down. This may have caused CME Group's stock price to fall 4% in pre-market trading. Duffy had previously expressed "great concern" about the recently approved perpetual contracts in the US, stating that they offer little practical use for institutional investors while exposing retail traders to excessive risk. Furthermore, he expressed "complete disagreement" with the CFTC's decision to approve the first batch of crypto perpetual contracts after a swift review, warning that perpetual contracts and prediction markets are fueling a frenzy of retail speculation. (Source: ME)
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