Latest news with #TerryDuffy
Yahoo
3 days ago
- Business
- Yahoo
CME Group Chairman and Chief Executive Officer Terry Duffy to Present at Piper Sandler Global Exchange and Trading Conference
CHICAGO, May 30, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that Terry Duffy, Chairman and Chief Executive Officer, will present at the Piper Sandler Global Exchange and Trading Conference on Thursday, June 5, 2025, at 1:30 p.m. (Eastern Time). The presentation will be available for livestreaming via CME Group's Investor Relations website. Please allow extra time prior to the presentation to visit the site and download the streaming media software required to listen to the online broadcast. An audio webcast will be available for replay at the same address approximately 24 hours following the conclusion of the conference. As the world's leading derivatives marketplace, CME Group ( enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. CME-G View original content: SOURCE CME Group
Yahoo
4 days ago
- Business
- Yahoo
CME Group Awards $125,000 to 25 Star Scholars Graduating from City Colleges of Chicago to Pursue Four-Year Degrees
CHICAGO, May 29, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, is awarding 25 City Colleges of Chicago graduates with $5,000 scholarships as they move on to earn Bachelor of Arts or Bachelor of Science degrees. Since 2017, CME Group has partnered with the Mayor's office to support the Star Scholars program, contributing over $1 million to help graduates who have earned an associates degree at a Chicago City College achieve their higher education goals at four-year institutions. The program evolved from the CME Group Mayoral Award for Student Achievement, which began in 1986, providing millions in financial support to high-achieving Chicago Public Schools (CPS) students to pursue college degrees. "We are pleased to recognize the academic achievements of the Star Scholars as they continue to work hard to pursue higher education," said CME Group Chairman and Chief Executive Officer Terry Duffy. "These scholarships provide critical financial assistance to future Chicago leaders so they can explore learning opportunities that can help lead to rewarding careers." "We sincerely thank CME Group for the generous scholarships supporting our Star Scholars as they continue their educational journeys. After a debt-free start at City Colleges of Chicago, our Star Scholars will use this scholarship to ease the financial burden of a bachelor's degree along their pathway to upward mobility," said Chancellor Juan Salgado, City Colleges of Chicago. This year's scholarship recipients were selected from more than 380 Star Scholars who completed their associate degrees in spring 2025 with a GPA of 3.0 or higher. Notably, 100% of this year's recipients intend to transfer to one of the 26 Star university partners in fall 2025 to pursue a bachelor's degree. Scholarship winners were recognized by CME Group President and Chief Financial Officer Lynne Fitzpatrick, Deputy Mayor for Education and Youth Khari Humphries, and Chief of Staff and Advancement and President of the City Colleges of Chicago Foundation Veronica Herrero at a celebratory luncheon and education seminar on Thursday, May 29, 2025 at CME Group headquarters in Chicago. The Star Scholarship program at City Colleges of Chicago has helped approximately 20,000 CPS and Big Shoulders Fund high school graduates pursue their associate degrees debt-free. During the academic year 2024-2025, more than 1,000 Star Scholars completed their associate degrees, making up over one-fourth of the graduating class of 2025. For more information on the Star Scholarship at City Colleges of Chicago, visit As the world's leading derivatives marketplace, CME Group ( enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. CME-G View original content: SOURCE CME Group Sign in to access your portfolio
BBC News
19-05-2025
- BBC News
Hilbre Island: Plan for art and science centre on nature reserve
Artists, scientists and ecologists have been working together to create a centre for science and art at a nature Island, off the coast of the Wirral peninsula, is a tidal island with a long history of strategic importance for seafarers and wildlife. Already a site of Special Scientific Interest and a wetlands of international importance, the island plays an essential role in the maritime heritage of Wirral and the Dee Estuary. Led by Liverpool-born artist Terry Duffy, the new collaboration will create a centre for science, art and sustainability on the island, utilising old buildings already there. The Hilbre Island Community Land Trust was established by three organisations, the British Art & Design Association, Hilbre Island Bird Observatory and the Friends of Hilbre with the shared aim of securing a long term future for the important heritage buildings and protected landscape within the central portion of the island. The buildings on the island, four of which are Grade II-listed, will be restored to create the centre, to expand the existing monitoring of migratory birds and to enable greater connection with the local community through educational part of Independents Biennial, the artist-led, sister-festival to Liverpool Biennial, a summer of artist residencies, workshops, exhibitions and performances will cast a spotlight on the restoration and protection of the historic Duffy said: "I want visitors to be fascinated, surprised, intrigued, and challenged by this unique nature reserve island."The programme of events will run throughout the Independents Biennial, which begins on 7 June and runs until 14 September. Listen to the best of BBC Radio Merseyside on Sounds and follow BBC Merseyside on Facebook, X, and Instagram. You can also send story ideas via Whatsapp to 0808 100 2230.
Yahoo
23-04-2025
- Business
- Yahoo
CME Group Inc. Reports All-Time Record Revenue, Adjusted Operating Income, Adjusted Net Income and Adjusted Earnings Per Share for Q1 2025
Record revenue of $1.6 billion, up 10% from Q1 2024 Record average daily volume (ADV) of 29.8 million contracts, with broad-based growth in every asset class CHICAGO, April 23, 2025 /PRNewswire/ -- CME Group Inc. (NASDAQ: CME) today reported financial results for the first quarter of 2025. The company reported revenue of $1.6 billion and operating income of $1.1 billion for the first quarter of 2025. Net income was $956 million and diluted earnings per common share were $2.62. On an adjusted basis, net income was $1.0 billion and diluted earnings per common share were $2.80. Financial results presented on an adjusted basis for the first quarter of 2025 and 2024 exclude certain items, which are detailed in the reconciliation of non-GAAP results.1 "Amid heightened economic uncertainty, CME Group operated with exceptional resilience as clients turned to our markets in record numbers to hedge business risks across asset classes," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "This increased demand drove our Q1 ADV to a new high of 29.8 million contracts and generated record revenue, adjusted operating income, adjusted net income and adjusted earnings per share for the quarter. Commodities grew 19%, financials increased 12%, and our ADV outside the U.S. reached a new high of 8.8 million contracts, up 19% year over year. Looking ahead, we remain focused on providing the products, services and efficiencies to benefit market participants as they navigate this risk-always-on environment." 1. A reconciliation of the non-GAAP financial results mentioned to the respective GAAP figures can be found within the Reconciliation of GAAP to non-GAAP Measures chart at the end of the financial statements and earnings presentation materials. Clearing and transaction fees revenue for first-quarter 2025 totaled $1.3 billion. The total average rate per contract was $0.686. Market data revenue totaled $195 million for first-quarter 2025. As of March 31, 2025 the company had $1.6 billion in cash (including $200 million deposited with Fixed Income Clearing Corporation, which is included in other current assets) and $3.4 billion of debt. The company paid dividends during the first quarter of approximately $2.6 billion. The company has returned $28.6 billion to shareholders in the form of dividends since the implementation of the variable dividend policy in early 2012. CME Group will hold a Q&A conference call to discuss first-quarter 2025 results at 8:30 a.m. Eastern Time today. A live audio webcast of the Q&A call will be available on the Investor Relations section of CME Group's website at under Events & Presentations. An archived recording will be available for up to two months after the call. As the world's leading derivatives marketplace, CME Group ( enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. Statements in this press release that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. We want to caution you not to place undue reliance on any forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the factors that might affect our performance are increasing competition by foreign and domestic entities, including increased competition from new entrants into our markets and consolidation of existing entities; our ability to keep pace with rapid technological developments, including our ability to complete the development, implementation and maintenance of the enhanced functionality required by our customers while maintaining reliability and ensuring that such technology is not vulnerable to security risks; our ability to continue introducing innovative and competitive new products and services on a timely, cost-effective basis, including through our electronic trading capabilities, and derive revenues that are commensurate with our efforts and expectations, and our ability to maintain the competitiveness of our existing products and services; our ability to adjust our fixed costs and expenses if our revenues decline; our ability to manage variable costs relating to CME Group's transition to the Google Cloud and minimize duplicative costs during the transition between maintaining the on-premise environment and the Google Cloud environment; our ability to maintain existing customers at substantially similar trading levels, develop strategic relationships and attract new customers; our ability to expand and globally offer our products and services; changes in regulations, including the impact of any changes in laws or government policies with respect to our products or services or our industry, such as any changes to regulations and policies that require increased financial and operational resources from us or our customers, as well as the impact of tariffs and tax policy changes, restrictions on our ability to offer CME Group products and services in specific geographies or to specific customers or limitations or changes in underlying/physical product flows across geographies; the costs associated with protecting our intellectual property rights and our ability to operate our business without violating the intellectual property rights of others; decreases in revenue from our market data as a result of decreased demand or changes to regulations in various jurisdictions; changes in our rate per contract due to shifts in the mix of the products traded, the trading venue and the mix of customers (whether the customer receives member or non-member fees or participates in one of our various incentive programs) and the impact of our tiered pricing structure; the ability of our credit and liquidity risk management practices to adequately protect us from the credit risks of clearing members and other counterparties, and to satisfy the margin and liquidity requirements associated with the BrokerTec matched principal business; the ability of our compliance and risk management programs to effectively monitor and manage our risks, including our ability to prevent errors and misconduct and protect our infrastructure against security breaches and misappropriation of our intellectual property assets; our dependence on third-party providers and exposure to risk through third parties, including risks related to the performance, reliability and security of technology used by our third-party providers and third-party providers that our clients and third-parties rely on; our reliance on third-party distribution partners, including independent software vendors (ISVs), Futures Commission Merchants (FCMs), introducing brokers, broker-dealers around the world, regulatory reporting and data distributors and platform operators, and other partners, for facilitating trading and for market data information, and potential impacts from changes in their business models and priorities; volatility in commodity, equity and fixed income prices, and price volatility of financial benchmarks and instruments such as interest rates, equity indices, fixed income instruments and foreign exchange rates; economic, social, political and market conditions, including the volatility of the capital and credit markets and the impact of economic conditions on the trading activity of our current and potential customers; our ability to accommodate increases in contract volume and market data and order transaction traffic across the entire trade cycle and the ability to implement enhancements without failure or degradation of the performance of our trading and clearing systems and meeting our regulatory reporting obligations; our ability to execute our growth strategy and maintain our growth effectively; our ability to manage the risks, control the costs and achieve the synergies associated with our strategy for acquisitions, investments and alliances, including those associated with the performance of our joint ventures with S&P Dow Jones (S&P Dow Jones Indices LLC) in index services, our primary business and distribution partners' actions and our partnership with Google Cloud, including our ability to manage the successful implementation of our agreements with Google and our data center partners; variances in earnings on cash accounts and collateral that our clearing house holds for its clients; impact of CME Group pricing/fee level and structure and incentive changes; impact of aggregation services and internalization on trade flow and volumes; any negative financial impacts from changes to the terms of intellectual property and index rights; our ability to continue to generate funds and/or manage our indebtedness to allow us to continue to invest in our business; industry, channel partner and customer consolidation and/or concentration; decreases in trading and clearing activity; the imposition of a transaction tax or user fee on futures and options transactions and/or repeal of the 60/40 tax treatment of such transactions; increases in effective tax rates, borrowing costs, or changes in tax policy; our ability to maintain our brand and reputation; and the unfavorable resolution of material legal proceedings. For a detailed discussion and additional information concerning these and other factors that might affect our performance, see our other recent periodic filings, including our Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the Securities and Exchange Commission ("SEC") on February 27, 2025, under the caption "Risk Factors". CME Group Inc. and Subsidiaries Consolidated Balance Sheets (in millions)March 31, 2025December 31, 2024 ASSETS Current Assets: Cash and cash equivalents$ 1,405.3$ 2,892.4 Marketable securities113.9113.2 Accounts receivable, net of allowance770.2573.1 Other current assets (includes $6.3 and $6.3 in restricted cash)461.5559.4 Performance bonds and guaranty fund contributions120,694.598,895.4 Total current assets123,445.4103,033.5 Property, net of accumulated depreciation and amortization371.2386.2 Intangible assets—trading products17,175.317,175.3 Intangible assets—other, net2,773.22,821.6 Goodwill10,499.510,486.9 Other assets 3,567.03,543.5 Total Assets$ 157,831.6$ 137,447.0 LIABILITIES AND EQUITY Current Liabilities: Accounts payable$ 100.2$ 79.9 Short-term debt—749.8 Other current liabilities625.52,588.8 Performance bonds and guaranty fund contributions120,694.598,895.4 Total current liabilities121,420.2102,313.9 Long-term debt3,419.42,678.2 Deferred income tax liabilities, net5,240.15,246.8 Other liabilities721.2721.2 Total Liabilities130,800.9110,960.1 Total CME Group Shareholders' Equity27,030.726,486.9 Total Liabilities and Equity$ 157,831.6$ 137,447.0 CME Group Inc. and Subsidiaries Consolidated Statements of Income (dollars in millions, except per share amounts; shares in thousands)Quarter Ended March 31, 20252024 Revenues Clearing and transaction fees$ 1,337.3$ 1,208.9 Market data and information services194.5175.4 Other110.5103.6 Total Revenues1,642.31,487.9 Expenses Compensation and benefits206.7206.0 Technology65.759.4 Professional fees and outside services28.533.1 Amortization of purchased intangibles55.255.2 Depreciation and amortization27.330.1 Licensing and other fee agreements96.687.9 Other54.356.6 Total Expenses534.3528.3 Operating Income1,108.0959.6 Non-Operating Income (Expense) Investment income892.71,071.3 Interest and other borrowing costs(41.7)(39.9) Equity in net earnings of unconsolidated subsidiaries88.287.2 Other non-operating income (expense)(802.4)(964.8) Total Non-Operating Income (Expense)136.8153.8 Income before Income Taxes1,244.81,113.4 Income tax provision 288.6258.2 Net Income$ 956.2$ 855.2 Net Income Attributable to Common Shareholders of CME Group$ 944.2$ 844.4Earnings per Share Attributable to Common Shareholders of CME Group: Basic$ 2.63$ 2.35 Diluted2.622.35 Weighted Average Number of Common Shares: Basic359,613359,258 Diluted360,227359,833 CME Group Inc. and Subsidiaries Reconciliation of GAAP to non-GAAP Measures (dollars in millions, except per share amounts; shares in thousands)Quarter Ended March 31, 20252024 Net Income $ 956.2$ 855.2 Restructuring and severance1.12.8 Amortization of purchased intangibles(1)68.268.7 Strategic transaction-related costs (credits)—1.9 Foreign exchange transaction (gains) losses2.3(1.8) Unrealized and realized (gains) losses on investments6.5(2.5) Unrealized and realized (gains) losses on assets—0.8 Litigation matters or settlements3.3— Income tax effect related to above(16.1)(14.0) Other income tax items(1.6)— Adjusted Net Income $ 1,019.9$ 911.1Adjusted Net Income Attributable to Common Shareholders of CME Group$ 1,007.1$ 899.7Earnings per Share Attributable to Common Shareholders of CME Group: Basic$ 2.63$ 2.35 Diluted2.622.35Adjusted Earnings per Share Attributable to Common Shareholders of CME Group: Basic$ 2.80$ 2.50 Diluted2.802.50Weighted Average Number of Common Shares: Basic359,613359,258 Diluted360,227359,833 Preferred shares(2)4,5844,5841. Includes $10.5 million of amortization of purchased intangibles (net of tax) at OSTTRA and $2.5 million of amortization of purchased intangibles at S&P Dow Jones Indices LLC in the first quarter of 2025. This is reported in Equity in net earnings of unconsolidated subsidiaries on the Consolidated Statements of Income. 2. Preferred shares have similar rights as common shares without voting rights. CME Group Inc. and Subsidiaries Quarterly Operating Statistics1Q 20242Q 20243Q 20244Q 20241Q 2025 Trading Days6163646461 Quarterly Average Daily Volume (ADV)(1) CME Group ADV (in thousands)Product Line1Q 20242Q 20243Q 20244Q 20241Q 2025 Interest rates13,83912,89414,88113,24415,029 Equity indexes6,8566,7797,4076,3437,997 Foreign exchange9841,0751,0899691,149 Energy2,4122,4472,5712,5192,903 Agricultural commodities1,5961,8771,6141,7551,958 Metals675868728673732 Total26,36025,94128,28925,50329,768 Venue CME Globex23,98524,14326,19923,68427,732 Open outcry 1,3338251,096848881 Privately negotiated1,0439749949711,154 Total26,36025,94128,28925,50329,768 Quarterly Average Rate Per Contract (RPC)(1) CME Group RPCProduct Line1Q 20242Q 20243Q 20244Q 20241Q 2025 Interest rates$ 0.486$ 0.484$ 0.468$ 0.485$ 0.476 Equity indexes0.6410.6280.6160.6580.624 Foreign exchange0.7870.7540.7440.7780.762 Energy1.3341.2971.2461.2371.222 Agricultural commodities1.3561.3661.3461.3591.376 Metals1.5561.5111.5401.5301.588 Average RPC$ 0.695$ 0.708$ 0.666$ 0.701$ 0.6861. ADV and RPC includes futures and options on futures only. CME-G View original content: SOURCE CME Group Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
CME's quarterly profit jumps on record trading activity
(Reuters) -Derivatives exchange CME Group posted a nearly 12% jump in its first-quarter profit on Wednesday, buoyed by record trading volumes across product lines as traders navigated a rapidly changing economic environment. The company, which facilitates trading of futures and options, sees heightened activity during times of market volatility as clients hedge their investments and manage risks. In the first quarter, concerns over inflation — fueled by U.S. President Donald Trump's tariff rhetoric and geopolitical tensions — drove increased demand for derivatives. "Amid heightened economic uncertainty, CME Group operated with exceptional resilience," the company's chief executive officer, Terry Duffy, said. CME reported record average daily volume (ADV) of 29.8 million contracts in the first quarter, up 13% from a year earlier. Interest rate, equity index, agricultural, foreign exchange and cryptocurrency products all saw record quarterly growth. Profit stood at $956 million, or $2.62 per share, for the three months ended March 31, compared with $855 million, or $2.35 per share, reported last year. CME's revenue was a record $1.64 billion, up 10% from a year earlier. The company's shares have gained 14% so far this year, while those of rival exchanges Cboe Global and NYSE-owner Intercontinental Exchange have risen 10% and 8%, respectively. Sign in to access your portfolio
