The Commodity Futures Trading Commission was practically brand new when Terry Duffy started working at CME Gropu almost five decades ago, and over the course of his career at the exchange, this legend of the trading world has seen an enormous amount of change when it comes to finance regulation, including the rise of prediction markets, 24/7 trading and perpetual futures. Duffy is set to transition out of his current position as CEO next year, and this conversation, recorded live at City Winery in Chicago, is a sort of exit interview. He tells us how regulation has evolved since the start of his time at the CME. We also talk about why he is against perps, the credibility issues prediction markets face, his definition of spreads versus futures, and what he wishes he knew at the start of his career, now that he is nearing retirement.

The Commodity Futures Trading Commission was practically brand new when Terry Duffy started working at CME Gropu almost five decades ago, and over the course of his career at the exchange, this legend of the trading world has seen an enormous amount of change when it comes to finance regulation, including the rise of prediction markets, 24/7 trading and perpetual futures. Duffy is set to transition out of his current position as CEO next year, and this conversation, recorded live at City Winery in Chicago, is a sort of exit interview. He tells us how regulation has evolved since the start of his time at the CME. We also talk about why he is against perps, the credibility issues prediction markets face, his definition of spreads versus futures, and what he wishes he knew at the start of his career, now that he is nearing retirement.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday, Thursday, and Friday

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday, Thursday, and Friday

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

On Bloomberg&rsquo;s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

CME's Terry Duffy on the Disconcerting State of Finance Regulation

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/32688ea9-4cbb-4bb4-8b3c-b4e8018899f5/transcript