Terrence Duffy, who as executive chairman of CME Group Inc. oversees the world’s largest futures exchange, has a solution for those seeking to fix the U.S. stock market: kill dark pools.
Jon Corzine, the former chief executive officer of MF Global Holdings Ltd., knew that the company made a loan out of segregated customer accounts before it went bankrupt, CME Group Inc. chairman Terrence Duffy told the U.S. Senate.
One by one, Gary Gensler’s supporters deserted him. Now the chief U.S. regulator of derivatives was being summoned by Treasury Secretary Jacob J. Lew to explain why he refused to compromise.
CME Group Inc. is able to compete as a standalone company, Chairman and President Terrence Duffy told CNBC, declining to comment on merger plans for the world’s largest futures exchange.
Three Chicago Board of Trade corn pit traders told an Illinois judge that their trading volume and profits have fallen since a change in end-of-day settlement pricing was imposed last year.
"We have plenty of skin in the game."
- Terrence Duffy on Nov 06, 2014