CME CEO Terry Duffy describes impact of Trump's tariffs as "unprecedented," driving record trading volumes.

From Yahoo Finance: 2025-04-23 07:07:00

CME Group CEO Terry Duffy describes recent weeks as “unprecedented” due to the impact of Trump’s tariffs on the market. Record trading volumes in Q1 were driven by increased volatility and demand for hedging. Concerns over inflation and recession further fueled the demand for derivatives.

Business leaders warn of unsustainable U.S. government debt and growing deficits. CME’s shares fell 4.2% despite a 14% gain this year. Competitors Cboe Global and NYSE-owner Intercontinental Exchange saw 10% and 8% increases in their shares, respectively.

CME reported record average daily volume of 29.8 million contracts, up 13% from last year. Profit grew 12% to $956 million in Q1, with revenue hitting a record $1.64 billion. Operating expenses rose 1.1% due to increased technology spending. Analysts caution against expecting sustained long-term growth from these results.

The results will shape CME’s outlook as it faces potential competition from BGC Group’s FMX Futures. The upstart, backed by high-profile investors, could be a disruptor in the market. Analysts are closely watching how CME navigates this competitive landscape in the coming year.



Read more at Yahoo Finance: CME chief flags ‘unprecedented’ conditions after tariff turbulence spurs business