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Exclusive: Terry Duffy on CME’s cloud future, takeover targets, and ... candy

CME CEO Terry Duffy explains the relatively narrow strategy that the derivatives exchange has taken under his leadership, especially compared to its peers.

Facade of CME headquarters, Chicago, IL.

Over the better part of an hour, Terry Duffy shows himself to be personable but guarded. He has no social media presence. He’s a believer in timing—at least 50% of success is owed to it, he says—and he’s a sometimes-viewer of the History Channel’s The Food That Built America. An episode he watched recently delved into the story of Curtiss Candy Company, a Chicago confectionery business founded in 1916 by Otto Schnering, who gave the store his mother’s maiden name to elude anti-German sentiment

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