Terrence A. Duffy  Terrence A. "Terry" Duffy is an American business executive. He is Chairman and Chief Executive Officer of CME Group, the world's leading derivatives marketplace. In 2018, FOW Magazine named Duffy CEO of the year. Duffy has built CME Group into a brand recognized around the globe and often serves as the voice of the global derivatives industry. In 2020, CME Group was named the world's fastest growing and most valuable exchange brand for the seventh consecutive year, with a brand value of $2.1 billion, beating out the New York Stock Exchange, the London Stock Exchange and the Hong Kong Exchange. He has served in the chief executive role since November 2016. He joined the CME board in 1995 and has served as chairman since 2002 and as vice chairman from 1998-2002. During his tenure, he led CME Group to become the world's first exchange to demutualize and go public. He also led the company's mergers and acquisitions, most notably when Chicago Mercantile Exchange acquired its cross-town rival Chicago Board of Trade, New York Mercantile Exchange and later NEX Group. Duffy is a member of the Economic Club of Chicago, the Executives’ Club of Chicago and the President’s Circle of the Chicago Council on Global Affairs. He attended the University of Wisconsin–Whitewater. He received a Doctor of Public Service, honoris causa, from Saint Xavier University in 2019 and a Doctor of Humane Letters from DePaul University in 2007. Duffy often serves as the voice for the derivatives industry, focusing on the relevance of futures to the global economy. In a 2017 interview with Business Insider, Duffy discussed the importance of the markets to everyday life. “Somehow, some way, those markets are affecting you. Whether you're taking a mortgage out, whatever you're doing in your life, there is an effect on you as far as finance goes.” Duffy has also written about the impact of financial services on students coming into the industry. In 2013, he published an influential Op-Ed in the Wall Street Journal titled “Wall Street is Losing the Best and Brightest” about how more college graduates, particularly from elite universities, were choosing jobs in technology over finance following the financial crisis. Duffy wrote that finance serves a vital economic function, and the industry must do a better job of attracting high achievers. “Those of us who work in finance should try to show students that the financial-services industry offers meaningful work, with tangible benefits for society, in addition to the possibility of a good career.”