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Deep Tide TechFlow news: On June 17, according to market reports, CME Group CEO Terry Duffy is set to step down. As a result, CME Group’s stock price fell 4% in pre-market trading.
Previously, CEO Terry Duffy said he was “very concerned” about the perpetual contracts that had recently received U.S. regulatory approval. He added that perpetual contracts have almost no practical use for institutional investors, but instead leave retail traders to bear excessive risk. In addition, he also said he “completely disagrees” with the CFTC’s decision to approve the first batch of crypto perpetual contracts after a fast review, warning that perpetual contracts and prediction markets are driving a frenzy of retail speculation.