Terry Duffy
Terry Duffy is a futures industry veteran and the Chairman and CEO of the CME Group, the world's leading derivatives marketplace. Under his leadership, CME Group has received a wide range of industry awards recognizing the exchange, clearing house and product innovation. Duffy led the company's substantial mergers and acquisitions, including most notably when Chicago Mercantile Exchange acquired its cross-town rival Chicago Board of Trade, followed by acquisitions of New York Mercantile Exchange and later NEX Group. He also led a landmark partnership with Google Cloud to bring expanded access, new products and greater efficiencies to derivatives markets through cloud technology.
Terry Duffy Professional Experience / Academic History
Professional Experience
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Chairman and Chief Executive Officer
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Executive Chairman and President
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Chairman
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Vice Chairman
Academic History
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Doctor of Public Service, honoris causa
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Doctor of Humane Letters
Duffy led the first merger in the futures industry, combining the Chicago Board of Trade and the Chicago Mercantile Exchange.
He oversaw the acquisition of the New York Mercantile Exchange, adding the world’s benchmark energy markets to CME Group.
In 2018, he spearheaded the company’s acquisition of NEX, which streamlined trading across futures, options, cash and OTC markets.
In 1981, he became both President of TDA Trading and a member of the Chicago Mercantile Exchange. He has served as a CME Board member since 1995.
Prior to his current role, he was Executive Chairman and President of CME Group since 2012, Executive Chairman since 2006, and Chairman since 2002.
CURRENT AFFILIATIONS
Co-Chair, Mayo Clinic Greater Chicago Leadership Council
Vice Chairman, CME Group Foundation
Member, President's Circle of the Chicago Council on Global Affairs
EARLY CAREER
Duffy was appointed by President Bush and confirmed by the U.S. Senate in 2003 as a member of the Federal Retirement Thrift Investment Board (FRTIB), a position he held until 2013.
He helped navigate through the financial crisis of 2008 and was instrumental in shaping the historic Dodd-Frank legislation.
Throughout his career, he has been featured in numerous financial media outlets and publications, including Financial Times, Business Insider, Bloomberg, the Wall Street Journal, Reuters, Yahoo! Finance, Fox Business, and CNBC, among others.
RECOGNITIONS