CME’s Duffy Voices ‘Grave Concerns’ With New Perps Contracts (1)

Terry Duffy, the chief executive officer of CME Group Inc., said he is “very concerned” about the rise of so-called perpetual futures, an increasingly popular kind of financial contract that recently won key US regulatory approval.

Duffy said that perps, as they are known, will have little practical use for institutional investors at the same time that they give retail traders access to excessive levels of risk.

Terry Duffy

Photographer: Michael Reaves/Getty Images

“I have grave concerns with the way these contracts are set up,” Duffy said Thursday at the Piper Sandler Global Exchange & Fintech Conference. “I don’t like to see people ...