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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors trying to manage risk boosting our different asset classes, says CME's Terry DuffyTerry Duffy, CME Group chairman and CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, if the strength will continue amid macroeconomic headwinds, and more.
Persons: CME's Terry Duffy Terry Duffy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCME Group CEO Terry Duffy: Investors need to pay closer attention to the Fed's commentsCME Group CEO Terry Duffy joins 'Money Movers' to discuss what's driving the higher volumes the CME saw in its most recent quarter, the action happening in the commodity space, and more.
Persons: Terry Duffy
The big increase — double what the winner gets this year — comes from a two-year extension with Chicago-based CME Group, which sponsors the season-long Race to CME Globe. Along with the winner receiving $4 million, the runner-up gets $1 million and all 60 players to reach the season finale are guaranteed at least $55,000. "As a long-standing supporter of women in business and sports, CME Group is pleased to continue our partnership with the LPGA to further elevate women’s golf,” said Terry Duffy, chairman and CEO of CME Group. “CME Group has been pushing the LPGA forward at every step of our evolution since 2011 and with this extension they are once again helping take the LPGA, women’s golf and women’s sports to unprecedented heights," LPGA Commissioner Mollie Marcoux Samaan said. She did not qualify for this year's CME Group Tour Championship, which is for the leading 60 players from a points race.
Persons: , Terry Duffy, Mollie Marcoux Samaan, Lydia Ko, ___ Organizations: PGA, Group, CME Globe, LPGA, CME Group, Tiburon Golf Locations: NAPLES, Fla, women's, Chicago
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCME Group CEO: Buying government treasuries and not hedging is a 'very risky proposal'CME Group CEO Terry Duffy joins 'Squawk on the Street' to discuss how the volatility in the rate markets has impacted the CME's business, what Duffy chalks up the move in rates to, and more.
Persons: Terry Duffy, Duffy chalks
It's vital for investors to manage risk right now no matter where interest rates go, according to CME Group CEO Terry Duffy. "Everybody that I've talked to over the last year has been dead wrong when it comes to what the Fed was going to do," Duffy told CNBC's "Fast Money" on Wednesday. "Everybody said the Fed would raise 25 basis points, 50 basis points, 100 basis points and stop," he said. A basis point is one-hundredth of a percentage point. "People need to manage that risk because margins are thin," he said.
Persons: Terry Duffy, I've, Duffy, CNBC's Organizations: Dow Jones, Nasdaq
CME Group CEO Terry Duffy reacts to Fed decision, A.I. and more
  + stars: | 2023-07-26 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCME Group CEO Terry Duffy reacts to Fed decision, A.I. and moreCME Group CEO Terry Duffy joins 'Fast Money' to talk the Fed's decision to raise interest rates another 25 basis points, growth in A.I.
Persons: Terry Duffy Locations: A.I
CME Group to lay off 3% of its workforce, reallocate positions
  + stars: | 2023-07-22 | by ( ) www.reuters.com   time to read: +1 min
July 21 (Reuters) - CME Group (CME.O), the world's largest derivatives exchange, eliminated about 100 positions, or 3% of its workforce, this week while reallocating some positions, a spokesperson said on Friday. "The company plans to reallocate the majority of those positions to new, cloud-focused technology roles," the spokesperson said in an emailed statement, adding that the overall headcount will remain the same. The spokesperson declined to comment on how many people would be reallocated or whether CME will hire additional people to maintain headcount. Chicago-based CME operator is to announce second-quarter results on Wednesday. Reporting by Yana Gaur and Urvi Dugar in Bengaluru; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Terry Duffy, Yana Gaur, Urvi, William Mallard Organizations: CME, Thomson Locations: U.S, Chicago, Bengaluru
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCME Group CEO Terry Duffy says companies need to be vigilant in managing riskTerry Duffy, CME Group CEO, joins 'Closing Bell' to discuss recent comments from Federal Reserve Chair Jerome Powell and navigating market uncertainty.
Persons: Terry Duffy, Jerome Powell Organizations: Federal
It's time for the annual gathering of the trading community. Here's a rundown of some of the hot topics: Crypto in focus: SEC Chair Gary Gensler will be speaking at noon on Thursday. Electronic trading changed the trading world 30 years ago, is AI poised to do the same? Two pioneers of electronic trading, Virtu Financial founder Vinnie Viola and Peterffy, will be speaking at noon today, reflecting on the past and future of trading and will certainly be asked about the role AI will play in future trading. Tradeweb CEO Billy Hult and MarketAxess CEO Chris Concannon will discuss the growth in Treasury trading and the increasing electronification of the bond market.
Persons: I'm, Piper Sandler, Gary Gensler, Gensler, Binance, Michael Novogratz, Jean, Marie Mognetti, Vlad Tenev, Doug Cifu, Thomas Peterffy, Vinnie Viola, Peterffy, Ed Tilly, Terry Duffy, Billy Hult, Chris Concannon, Rich Repetto's, Rich Repetto Organizations: Piper, Piper Sandler Global Exchange, New York City, NYSE, Nasdaq, Cboe, London Stock Exchange, SEC, Galaxy Digital, Virtu, Global, Treasury, CME, Citadel, CNBC PRO Locations: New York
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CME profit rises as volatility spurred risk hedging
  + stars: | 2023-04-26 | by ( ) www.reuters.com   time to read: +1 min
April 26 (Reuters) - CME Group Inc (CME.O) on Wednesday posted first-quarter profits that beat Wall Street expectations, as traders turned to the exchange operator's hedging products to navigate market volatility related to worries about the banking sector and slowing macroeconomic growth. Overall average daily volumes were up 4% at 26.9 million contracts. The beat was driven in part by higher-than-anticipated revenue per contract, which benefited clearing and transaction fees, Piper Sandler analyst Richard Repetto said in a client note. Clearing and transaction revenues in the quarter were up 5.5% at $1.2 billion. Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
CME Group CEO on Q1 earnings beat
  + stars: | 2023-04-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCME Group CEO on Q1 earnings beatCME Group CEO Terry Duffy joins 'Squawk on the Street' to discuss the company's quarterly earnings results, what a technical default would look like in treasury markets, and more.
A common tool to gauge the market's intent is following inflows and outflows in large ETFs. There have been outflows from corporate bond ETFs like Vanguard Short-Term Corporate Bond (VCSH), high yield funds like SPDR High Yield ETF (JNK), bank loan ETFs like SPDR Senior Loan ETF (SRLN) and bank stock ETFs like Invesco KBW Bank ETF (KBWB). The Credit Suisse issue was somewhat different. Europeans at the conference were surprised that there was a focus on Credit Suisse. The common thread of the commentary was that Credit Suisse had never recovered from the financial crisis, that it had been in decline for nearly 20 years.
Watch CNBC's full interview with CME Group's Terry Duffy
  + stars: | 2023-02-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with CME Group's Terry DuffyCME Group CEO Terry Duffy joins 'Closing Bell' to discuss the company's latest earnings beat, how CME is bracing for future Fed rate hikes and the massive uptake in options.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe had the biggest year in the history of our company, says CME Group's Terry DuffyCME Group CEO Terry Duffy joins 'Closing Bell' to discuss the company's latest earnings beat, how the company is bracing for future Fed rate hikes and the massive uptake in options.
A major exchange executive says he detected red flags months before the historic FTX collapse. CME Group chairman and CEO Terry Duffy said he suspected corruption at the cryptocurrency exchange the day of his first one-on-one meeting with founder Sam Bankman-Fried. "I told my team this had nothing to do with crypto," Duffy told CNBC's "Fast Money" on Tuesday. You're an absolute fraud," Duffy said he told Bankman-Fried. Duffy wanted to know whey the Commodities Futures Trading Commission was looking at Bankman-Fried's request to ease regulatory rules to push his trading model.
CME Group CEO Terry Duffy said he called Sam Bankman-Fried a "absolute fraud" in March. "Right away my suspicions were up," Duffy told CNBC on Tuesday. "Right away my suspicions were up," Duffy told CNBC on Tuesday, after he initially recounted his meeting with Bankman-Fried last week on the "On the Tape" podcast. "And then when I met with [Bankman-Fried], I knew right away this a joke, this is absolutely going nowhere." "You're a fraud, you're an absolute fraud," Duffy said he told Bankman-Fried at the meeting in March earlier this year.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCME Group CEO Terry Duffy reacts to FTX collapse, called Sam Bankman-Fried an 'absolute fraud'CME Group CEO Terry Duffy responds to the FTX bankruptcy. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Bonawyn Eison, Dan Nathan and Guy Adami.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's volatility but not dysfunction, says CME Group CEO Terry DuffyCME Group CEO Terry Duffy joins 'Closing Bell' to discuss the UK Central Bank rejoining the rates market, UK's inflation and liquidity conundrum, and BOE issuing a pension fund deadline.
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