CME Group CEO Terry Duffy is about to step down

According to market news, CME Group CEO Terry Duffy is about to step down. Possibly influenced by this, CME Group's stock price fell 4% in pre-market trading.

CEO Terry Duffy had previously expressed "great concern" about the recently approved perpetual contracts by U.S. regulators, stating that perpetual contracts have almost no practical use for institutional investors while exposing retail traders to excessive risk. Additionally, he expressed that he "completely disagrees" with the CFTC's decision to approve the first batch of crypto perpetual contracts after a rapid review, warning that perpetual contracts and prediction markets are triggering a speculative frenzy among retail investors.