Terry Duffy Bio | Wiki
Terry Duffy ( Full Name: Terrence A. Duffy) is a popular American businessman who is the chairman and chief executive officer of CME Group, a derivatives marketplace based in Chicago, Illinois. He started working at the Chicago Mercantile Exchange in 1980. Terry joined the CME board in 1995. He worked as vice chairman from 1998 until 2002 and as chairman from 2002 onwards.
He led the company’s substantial mergers and acquisitions, including most notably when the Chicago Mercantile Exchange acquired its cross-town rival Chicago Board of Trade, followed by acquisitions of the New York Mercantile Exchange and later NEX Group. Terry has worked in the chairman and chief executive role since November 2016. In 2003, Terry was appointed by President Bush and confirmed by the U.S. Senate as a member of the Federal Retirement Thrift Investment Board (FRTIB), a role he held until 2013.
Terry Duffy Age
Terry was born in 1958 in the United States. He is 65 years old.
Terry Duffy Height
He is a man of above-average stature. Terry stands at a height of 5 ft 10 in ( Approx. 1.75m ).
Terry Duffy Family
He was born in the United States the son of John J. Duffy and Barbara Duffy. Terry’s grandfather, John F. Duffy, was a Chicago alderman who finally became Cook County Board president. He grew up on Chicago’s southwest side in the Mount Greenwood neighborhood.
Terry Duffy Wife | CME Wife
Terry is married to his wife Jenny. The couple has twin sons. The family lives in Lemont, Illinois.
Terry Duffy Education
He graduated from Leo High School in 1976. Later on, Terry attended the University of Wisconsin-Whitewater. While going to school, Terry worked nights at a bar called Chuck’s in Lake Geneva, an affluent resort town popular with wealthy Chicagoans. There Terry met Vincent Schreiber, a Chicago Mercantile Exchange trader who convinced Duffy to take up a career in trading and finally became his professional mentor.
Terry Duffy FTX | On FTX
Terry’s criticism of exchange’s direct clearing proposal revives debate over ‘skin in the game’. FTX-congressional-hearing. FTX, once one of the largest cryptocurrency exchanges in the globe, spiraled into bankruptcy after its swift collapse in 2022. Shortly afterward, FTX investigators said they discovered $8.9 billion in customer assets were missing from the exchange.
CME Group Terry Duffy | CME
On October 17, 2006, the Chicago Mercantile Exchange reported a merger with the Chicago Board of Trade in an $8 billion deal. The combined exchanges would be called as the CME Group and would represent the globe’s largest market for financial derivatives contracts. Terry and his counterpart at the Chicago Board of Trade, Charles Carey, negotiated the deal, along with other executives. Terry served as chairman of the combined company and is credited with leading the CME Group’s acquisition of the New York Mercantile Exchange in 2008.
He started to work as executive chairman and president in 2012, and in November 2016 took on an expanded role as chief executive officer. In 2018, Terry led CME Group’s acquisition of London-based NEX Group. In 2021 Terry negotiated a deal to move CME Group’s technology to Google Cloud in order to increase access to the company’s products. Google invested $1 billion in CME Group.
Terry Duffy Sam Bankman-Fried
On November 23, 2022, Terry said he called Sam Bankman-Fried an “absolute fraud” in March 2021. Sam stepped down as CEO and FTX filed for Chapter 11 bankruptcy on November 11, 2022. Before Terry’s meeting with Sam, he said he met with the head of the Commodities Futures Trading Commission to ask why it was considering Sam’s application to ease regulatory rules for his trading model, as it involved great risk.
Terry Duffy House
Terry owns a house in Lemont, Illinois. At the moment, Terry has not disclosed when he bought the house.
Terry Duffy Assessment of FTX
Terry met with former FTX CEO Sam Bankman-Fried (SBF) in March 2021 at a conference, and he ended up calling the FTX frontman a “fraud.” When Terry sat down with SBF, the former FTX executive said his end goal was to compete with CME Group.
Terry Duffy Testimony
He said he suspected corruption at the cryptocurrency exchange on the day of his first one-on-one meeting with founder Sam Bankman-Fried, months prior to the historic FTX collapse. Terry first recounted his meeting with Sam Bankman-Fried on the “On the Tape” podcast. “You’re a fraud. You’re an absolute fraud,” he said he told Bankman-Fried.
Terry Duffy Salary
He earns a satisfying amount from his work as a chairman and chief executive officer of CME Group. Terry’s average salary is $1.5 million.
Terry Duffy Net Worth
Terry gets his wealth from her work as a chairman and chief executive officer of CME Group. Therefore, Terry has accumulated a decent fortune over the years. Terry’s net worth is $74 million.
How Old Is Terry Duffy
Terry is a 65-year-old who was born in 1958 in the United States.
How Tall Is Terry Duffy
Terry is a man of above-average stature who stands at a height of 5 ft 10 in ( Approx. 1.75m ).
Who Is Terry Duffy
He works as an Executive Chairman and Chief Executive Officer for CME Group, Inc. and Chief Executive Officer at New York Mercantile Exchange, Inc. (a subsidiary of CME Group, Inc.). Terry is also a Member of The Executives Club of Chicago and Member-Presidents Circle at The Chicago Council on Global Affairs and on the board of 5 other companies. Before, Terry occupied the position of President for TDA Trading, Inc.