Terry Duffy on the CME's Big Push into Retail Trading
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 2 October 2025
⏱️ 59 minutes
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Summary
CME Group is one of the oldest exchanges around, tracing it's history all the way back to the late 1800s, when it specialized in agricultural commodities. It's best known for things like futures and interest rate swaps that tend to be favored by professional traders. But as retail trading becomes big business, the CME is expanding its footprint in the space, including a recently-announced partnership with sports-betting platform FanDuel. So how does a marketplace that built its reputation on professional hedging and risk management now try to capture the attention of everyday investors? In this episode we speak with Terry Duffy, CME Group chairman and CEO, about the exchange’s push into retail, new competition in the Treasury futures space, and much more.
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| 1:23.1 | Hello and welcome to another episode of the Odd Lots podcast. I'm Tracy Allaway. |
| 1:24.3 | And I'm Joe Wisenthall. |
| 1:25.7 | Joe, we are here in Chicago. |
| 1:28.5 | I love it here so much. We don't come here enough. |
| 1:29.8 | I agree. |
| 1:31.2 | Chicago is an amazing city. It's also just such an interesting city from a financial perspective. |
| 1:35.3 | And it has that old school, you know, mercantile Midwest kind of feel. |
| 1:39.8 | Totally. |
| 1:40.3 | I mean, what's cool about Chicago are many cool things, but it obviously has the history of trading |
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