Terrence A. Duffy
Chairman and Chief Executive Officer
Terrence A. Duffy serves as Chairman and Chief Executive Officer of CME Group.
He is responsible for overseeing the world’s leading and most diverse derivatives marketplace. In 2021, 4.9 billion contracts were traded at CME Group.
Previously, Duffy served as Executive Chairman and President of CME Group since 2012 and as Executive Chairman since 2007. He served as Chairman of the Board of CME and CME Holdings since April 2002 and as Executive Chairman since October 2006. He was Vice Chairman of the Board of CME Holdings Inc. from its formation in August 2001 and of the Board of CME from 1998 to April 2002. He was President of TDA Trading, Inc. from 1981 to 2002. He has been a CME member since 1981 and a Board member since 1995.
Duffy was appointed by President Bush and confirmed by the U.S. Senate in 2003 as a member of the Federal Retirement Thrift Investment Board (FRTIB), a position he held until 2013. The FRTIB administers the Thrift Savings Plan, a tax-deferred defined contribution (retirement savings) plan for federal employees.
During his tenure, Duffy led the first merger in the futures industry, combining the Chicago Board of Trade and the Chicago Mercantile Exchange in 2007 to create CME Group. The following year, he oversaw the acquisition of the New York Mercantile Exchange, adding the world’s benchmark energy markets to CME Group. In 2018, he spearheaded the company’s acquisition of NEX, which streamlined trading across futures, options, cash and OTC markets. And, in 2021, Duffy embarked on a landmark partnership with Google Cloud to bring expanded access, new products and greater efficiencies to derivatives markets through cloud technology.
Under his leadership, CME Group has received a wide range of industry awards recognizing the exchange, clearing house and product innovation. CME Group has also been recognized as the most valuable exchange brand for the past eight years. Duffy was named CEO of the Year at FOW’s 2018 International Awards. He currently serves as Co-Chair of the Mayo Clinic Greater Chicago Leadership Council. He is Vice Chairman of the CME Group Foundation.
He attended the University of Wisconsin-Whitewater and received a Doctor of Public Service, honoris causa, from Saint Xavier University in 2019 and a Doctor of Humane Letters from DePaul University in 2007.
Chair of the Executive Committee
Sunil Cutinho
Chief Information Officer
Sunil Cutinho has served as Chief Information Officer of CME Group since 2022.
He previously served as President, CME Clearing and as Managing Director, Clearing Operations & Systems. In these roles, he was responsible for collaborating with the company's clearing members and customers to develop clearing solutions for listed and OTC derivatives, including credit, interest rates and foreign exchange. Prior to joining CME Clearing, Cutinho served as a Director of Enterprise Architecture in the Technology Division. Prior to joining the company in 2002, Cutinho gained more than 14 years of technology experience including various positions at CNA Insurance, Proxicom, VISA International and GDS.
Lynne Fitzpatrick
Chief Financial Officer
Lynne Fitzpatrick has served as CME Group’s Chief Financial Officer since April 2023.
She is responsible for overseeing the company’s corporate finance, accounting, investor relations, treasury, real estate, business development, corporate strategy, strategic investments, pricing and procurement functions. Previously, she served as Senior Managing Director & Deputy Financial Officer since 2022, and as Managing Director of Corporate Development and Treasurer since 2017. She has held positions of increasing responsibility within the finance organization since joining the company in 2006.
Prior to joining CME Group, Fitzpatrick worked as an investment banker at Credit Suisse and UBS.
She earned a bachelor’s degree in economics from Brown University and an MBA with honors from the University of Chicago, Booth School of Business.
Julie Holzrichter
Chief Operating Officer
Julie Holzrichter has served as Chief Operating Officer of CME Group since 2014.
She is responsible for leading the company’s global operations and clearing and post-trade services divisions. She oversees CME Group's Market Operations including the Global Command Center, which is the first point of contact for customers using CME Group's Globex electronic production systems. She also leads CME Group's Trading Floor Operations, Global Market Solutions and Services, Data Centers and Critical Infrastructure, Global Security, and Business Continuity and Crisis Management functions. Over the course of her more than 25 years with the company, Holzrichter has held a variety of positions with increasing levels of responsibility including Senior Managing Director, Global Operations and Managing Director, CME Globex Services and Technology Integration.
Jonathan Marcus
Senior Managing Director and General Counsel
Jonathan Marcus has served as Senior Managing Director and General Counsel of CME Group since October 2022.
As the company’s chief legal advisor, Marcus oversees the company's compliance, enterprise risk management, legal and market regulation functions. Prior to joining CME Group, Marcus most recently worked in private practice as a partner at Reed Smith LLP, where he specialized in derivatives regulation, litigation and enforcement. He previously served as General Counsel of the U.S. Commodity Futures Trading Commission (CFTC) from 2013 to 2017, advising the commission on a wide range of issues, including implementation of the Dodd-Frank Act and digital asset regulation. Marcus also served as the CFTC's Deputy General Counsel for Litigation and as an Assistant to the Solicitor General of the United States. He held senior roles in Skadden, Arps, Slate, Meagher & Flom's Derivatives Group and Covington & Burling's Appellate and Supreme Court Group. Marcus began his career as a clerk for Judge José A. Cabranes of the U.S. Court of Appeals for the Second Circuit. He holds a bachelor's degree from Yale and a J.D. from Yale Law School.
Tim McCourt
Senior Managing Director, Global Head of Equity and FX Products
Tim McCourt has served as Senior Managing Director, Global Head of Equity and Foreign Exchange Products for CME Group since 2022.
He is responsible for leading the development and execution of the company’s global equity index, foreign exchange, cryptocurrency and alternative investment product strategies. He serves on the CME Ventures Investment Committee and the S&P Dow Jones Indices U.S. Advisory Panel. Before joining CME Group in 2013 as Global Head of Equity Products, McCourt worked for the Royal Bank of Scotland, where he was responsible for building and managing the Americas Index and Delta One trading book. Prior to RBS, he held a senior trading role with JPMorgan in New York, spending 10 years with the Equity Derivatives Group. McCourt holds a bachelor’s degree in political science from Boston College and an MBA from The University of Pennsylvania’s Wharton School.
Hilda Harris Piell
Chief Human Resources Officer
Hilda Harris Piell has served as Chief Human Resources Officer of CME Group since August 2007.
Previously she served as Managing Director and Senior Associate General Counsel, as Director and Associate General Counsel and as Associate Director and Assistant General Counsel since 2000.
John W. Pietrowicz
Special Advisor
John W. Pietrowicz has served as Special Advisor to CME Group since April 2023.
Previously, he served as Chief Financial Officer since 2015. He also served as Managing Director, Corporate Development and Finance, and Managing Director, Corporate Finance and Deputy Chief Financial Officer, since joining the company in 2003.
Before joining CME Group, Pietrowicz served as Chief Financial Officer for The Merchants’ Exchange, an electronic commodities exchange based in Chicago. He also held financial leadership positions for Ameritech, after beginning his career as an auditor for Arthur Andersen.
Pietrowicz earned a bachelor’s degree in accounting from the University of Notre Dame and an MBA degree in finance from Loyola University. He is a Certified Public Accountant.
Derek Sammann
Senior Managing Director, Global Head of Commodities & Options Products
Derek Sammann serves as CME Group's Senior Managing Director, Global Head of Commodities, Options & International Markets.
He is responsible for leading the development, execution and management of CME Group's global Commodities portfolio, including the Energy, Metals and Agricultural business lines. He also globally leads the company's cross-asset class Options business and its growth strategy across international markets. Prior to assuming his current role, Sammann served as Senior Managing Director, Global Head of Commodities & Options Products since 2014. Since joining CME Group in September 2006, Sammann also has served as Senior Managing Director of Interest Rates and FX Products, and as Managing Director, Global Head of Foreign Exchange. Prior to joining CME Group, Sammann acquired more than 16 years of sell-side trading experience in the global FX market, including serving as Managing Director, Global Head of FX Options and Structured Products at Crédit Agricole Corporate & Investment Bank in London. He also held senior level positions with Crédit Agricole Indosuez in London, Banque Indosuez in Paris and Cooper, Neff & Associates in Chicago. Sammann serves as a member of the Board of Directors of the following entities: the Dubai Mercantile Exchange, the COMEX Board of Governors and the Commodities Markets Council, where he also serves as Treasurer.Sammann also serves on the Shanghai Gold Exchange’s International Advisory Board, the Commodity Futures Trading Commission's Agricultural & Energy and Environmental Markets Advisory Committees, and the Security Traders Association’s Listed Options Committee. He holds bachelor's degrees in both economics and political science from Northwestern University.
Suzanne Sprague
Senior Managing Director & Global Head of Clearing and Post-Trade Services
Suzanne Sprague has served as Senior Managing Director & Global Head of Clearing and Post-Trade Services for CME Group since 2022.
She joined the company in 2002 and has held numerous roles and leadership positions in financial management and risk management since that time. During her tenure, she has played a key role in the company’s development of risk management policy. Since 2015, she served as Managing Director, Credit & Liquidity Risk, Risk Policy & Banking, overseeing CME Clearing’s exposure to counterparty credit risk, liquidity risk management and financial performance, acceptable collateral and collateral services, risk management policies and procedures, financial operations, and banking. She earned a bachelor’s degree with concentrations in finance and international business from Indiana University and a master’s degree in financial markets from the Illinois Institute of Technology.
Sean Tully
Senior Managing Director, Global Head of Financial and OTC Products
Sean Tully has served as Senior Managing Director, Global Head of Rates & OTC Products for CME Group since 2022.
He is responsible for leading the development, execution and management of the company’s interest rate, cash and OTC products portfolio. Previously he served as Senior Managing Director, Financial and OTC Products of CME Group since 2014. Before joining CME Group in 2012, Tully most recently served as Managing Director, Global Head of Fixed Income Trading at WestLB in London. During his tenure at WestLB, he held roles of increasing responsibility including Managing Director, Regional Head of Derivatives, Americas and Managing Director, Global Head of Rates, Emerging Markets and Credit Trading in London. He also traded interest rate derivatives at Citibank and Greenwich Capital, running the global team in the USD interest rate swaps at Citi, and as a proprietary trader at Greenwich Capital.
Kendal Vroman
Senior Managing Director, International and Optimization Services
Kendal (Ken) Vroman serves as CME Group’s Chief Transformation Officer.
Officer. He is responsible for overseeing the company’s migration process as part of its 10-year partnership with Google Cloud to transform global derivatives markets through cloud adoption. He also leads the planning and execution function across the organization. Prior to assuming his current role, he most recently served as Senior Managing Director, International and Optimization Services.
Since joining the company in 2001, Vroman has held a variety of senior leadership roles including Managing Director, Planning and Execution, Global Head, Commodity Products and OTC Solutions, and Managing Director and Chief Corporate Development Officer.
Before joining the company, he worked as Vice President, Corporate Operations/Chief of Staff to the Chief Executive Officer for marchFIRST Inc. He also served as Principal for Whittman-Hart’s Collaborative Technologies Group and as a Senior Consultant for Andersen Consulting LLP’s Americas Information Systems Division.
Julie Winkler
Chief Commercial Officer
Julie Winkler has served as Chief Commercial Officer of CME Group since 2016.
She leads the company's sales, product marketing, research and product development, data analytics, and innovation lab functions, as well as the data services business line. Previously, she served as Senior Managing Director, Research, Product Development and Index Services of CME Group since 2014 and as Managing Director, Research and Product Development since 2007. Winkler joined the Chicago Board of Trade (CBOT) as a Staff Investigator in the Office of Investigations and Audits, and in 1998, she joined the Business Development area as an Economist in the Research and Strategic Analysis group. She was promoted to Managing Director, Business Development in 2004. She also served as Vice President, Business Development, where she had management responsibility for the growth and development of the Financial Product Research and Development, Market Data Products and Services, Training and Education, Corporate Strategy and Business Development Administration areas. Winkler holds a bachelor’s degree in business administration in finance from Valparaiso University and an MBA in finance and derivatives markets with highest honors from Loyola University. She currently serves on the Board of Directors for S&P Dow Jones Indices LLC, Valparaiso University and Women in Derivatives. She is also a Revenue 50 member within the World 50 network.
FAQs
Who runs CME Group? ›
Terrence A. Duffy serves as Chairman and Chief Executive Officer of CME Group. He is responsible for overseeing the world's leading and most diverse derivatives marketplace.
Who is part of the CME Group? ›CME Group is the world's leading derivatives marketplace, made up of four exchanges, CME, CBOT, NYMEX and COMEX.
Where is CME Group headquarters? › What does CME stand for in CME Group? ›Chicago Mercantile Exchange Inc.
Does CME Group pay well? ›The median yearly total compensation reported at CME Group for the Software Engineer role is $160,000.
Who is the head of CME ventures? ›Josh Kravitt - Director CME Ventures - CME Group | LinkedIn.
How many employees does the CME Group have? ›CME Group total number of employees in 2022 was 3,460, a 0.57% decline from 2021.
Is CME a good company? ›CME has an overall rating of 4.0 out of 5, based on over 86 reviews left anonymously by employees.
Is CME Group a big company? ›It is the world's largest operator of financial derivatives exchanges. Its exchanges are platforms for trading in agricultural products, currencies, energy, interest rates, metals, futures contracts, options, stock indexes, and cryptocurrencies futures.
Who is the CEO of CME Ltd? ›Paul Knight - Chief Executive Officer - CME Ltd | LinkedIn.
How much money does CME make? ›
(NASDAQ: CME) today reported financial results for the fourth quarter and full year of 2021. The company reported revenue of $1.1 billion and operating income of $632 million for the fourth quarter of 2021. Net income was $625 million and diluted earnings per common share were $1.71.
How much is the CEO of CME Group worth? ›The estimated net worth of Terrence A Duffy is at least $15 Million dollars as of 2023-05-03. Terrence A Duffy is the Chairman and CEO of CME Group Inc and owns about 81,308 shares of CME Group Inc (CME) stock worth over $15 Million.
How do CME make money? ›Clearing and Transaction fees: It comprises of electronic trading fees, private transaction surcharge, and other volume-related charges. Market Data: It comprises of data distribution revenues from subscribers.
Is CME Group publicly traded? ›CME Group is listed on NASDAQ under the symbol CME.
What does CME own? ›CME Group is the world's leading derivatives marketplace, made up of four exchanges, CME, CBOT, NYMEX and COMEX. Each exchange offers a wide range of global benchmarks across all major asset classes.
How much does a software engineer 2 make at CME Group? ›The estimated total pay for a Software Engineer II at CME Group is $140,775 per year.
How much do CME executives make? ›Our data indicates that CME Group Inc. has a market capitalization of US$66b, and total annual CEO compensation was reported as US$23m for the year to December 2022. That's mostly flat as compared to the prior year's compensation.
Why do you want to work for CME? ›Working at CME Group offers you the opportunity to impact global financial markets every day – whether you work on our industry-leading technology and risk management services, our benchmark products or in a corporate services area that helps us serve our customers better.
What is CME Group known for? ›We enable 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.
Is CME a good stock? ›CME Group has an impressive dividend history. With the latest 10% increase in February 2023, the company has grown its dividend at a five-year CAGR of 8%. The dividend yield is 2.5%, better than the industry average of 1.5%, making the stock an attractive pick for yield-seeking investors.
What does CME company do? ›
CME Group provides electronic trading globally on its CME Globex platform. The company also offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives through its clearinghouse, CME Clearing.
What does CME stand for? ›CME is the abbreviation for Continuing Medical Education and consists of educational activities which serve to maintain, develop, or increase the knowledge, skills, and professional performance and relationships that a physician uses to provide services for patients, the public, or the profession.
What is similar to CME Group? ›- FinPricing. Canada. FinPricing provides highly accurate global financial market data from real time to historical via GUI and API. ...
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Keep up with the stories that unfold throughout the day. Sign up for our Afternoon 10 newsletter. There are 3,138 CME seats and the company has 8,500 seats across all its exchanges, including Comex and Nymex.
Who is CME target audience? ›TARGET AUDIENCE: The audiences to be reached by its program of CME are: Physicians in all medical specialties and sub-specialties.
Does CME own S&P? ›CME Group, part owner of S&P DJI through a joint venture with S&P Global, offers futures and options on futures on a range of S&P DJI indices.
How often does CME pay dividends? ›There are typically 4 dividends per year (excluding specials). Our premium tools have predicted CME Group Inc - Class A Shares with 89% accuracy. Sign up for CME Group Inc - Class A Shares and we'll email you the dividend information when they declare.
What is the highest package of CME? ›The highest paying role reported at CME Group is Software Engineering Manager at the Common Range Average level with a yearly total compensation of $248,750. This includes base salary as well as any potential stock compensation and bonuses.
What is CME dividend payout ratio? ›Cash Flow Coverage: With its high cash payout ratio (104%), CME's dividend payments are not well covered by cash flows.
Is CME Group a clearing house? ›CME Group provides clearing services for customers around the globe through our clearinghouse, CME Clearing, which enables market participants to significantly mitigate and manage their risk exposures. A clearing house, like CME Clearing, is an intermediary between buyers and sellers in the derivatives market.
When did CME Group go public? ›
When was the Chicago Mercantile Exchange Holdings initial public offering (IPO)? The IPO was completed on December 5, 2002. Shares began trading on the New York Stock Exchange (NYSE) on December 6, 2002.
When did CME go public? ›In 2008, the CME went on a series of acquisitions and purchased the NYMEX and COMEX. The CME is also the first exchange to go public. Investors greeted the initial public offering with enthusiasm, raising the stock from $40 in 2003 to more than $500 in 2006.
What is a CME director? ›POSITION SUMMARY: The Continuing Medical Education (CME) Director oversees the California Medical Association's accreditation processes for approximately 200 accredited providers. These responsibilities include managing a team of approximately three staff members.
How much does CME Group pay interns? ›The average salary of a Intern at CME Group is ₹ 5.5 Lakhs per year which is 175% more than average salary of a Intern in India which receives a salary of ₹ 2.0 Lakhs per year.
Can anyone trade on the CME? ›To trade on CME Globex, you must have a CME Group clearing firm relationship, CME Group-certified trading application and connectivity to CME Globex.
How much does CME market surveillance pay? ›Average CME Group Market Analyst yearly pay in the United States is approximately $77,670, which meets the national average.
Who is the marketing director of CME? ›Colleen Lazar - Executive Director of Corporate Marketing - CME Group | LinkedIn.
How to invest in CME Group? ›- Set up a futures trading account with a clearing member/futures commission merchant (FCM).
- Talk to your FCM about whether a membership may be appropriate for you.
- Decide how you want to execute your trades. Your FCM/broker may be able execute your trades on your behalf.
Michael McGarry made $13,199,616 in total compensation as Chairman of the Board and Chief Executive Officer at PPG Industries Inc in 2021.
Is CME a monopoly? ›CME Group (NASDAQ:CME) is a financial intermediary with quasi-monopolies on various trading vehicles.
Is CME money taxed? ›
Are CME Reimbursements Taxable? In most cases, CME reimbursements from your employer for valid expenses you paid out of pocket are not taxable. Typically this type of CME reimbursement is considered a rebate to spending and is therefore not taxable.
What are the dangers of CME? ›If a CME arrives at Earth, it can produce a geomagnetic storm, which, in turn, can cause anomalies and disruptions to the modern conveniences we have come to rely on.
Does CME hold bitcoin? ›CME's Bitcoin futures contract, ticker symbol BTC, is a USD cash-settled contract based on the CME CF Bitcoin Reference Rate (BRR), which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin.
What is CME Group debt to equity ratio? ›Current and historical debt to equity ratio values for CME Group (CME) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. CME Group debt/equity for the three months ending March 31, 2023 was 0.13.
Is bitcoin traded on CME? ›CME Bitcoin futures provide an efficient tool to access bitcoin exposure and manage risk. In response to customer demand for additional bitcoin trading tools, CME Group is listing options on Bitcoin futures.
Will CME stock go up? ›The 14 analysts offering 12-month price forecasts for CME Group Inc have a median target of 208.00, with a high estimate of 250.00 and a low estimate of 155.00. The median estimate represents a +12.67% increase from the last price of 184.61.
Who is the marketing director of CME Group? ›Colleen Lazar - Executive Director of Corporate Marketing - CME Group | LinkedIn.
Is CME a private company? ›CME was founded in 1898 as a nonprofit corporation. In 1919, it established its clearing house. In 2000, CME demutualized. In 2002, CME Group became a public company via an initial public offering.
Who is the marketing director at Coach? ›Katie Berry - Senior Director, Global Brand Marketing - Coach | LinkedIn.
Who is the director of marketing at Olympus? ›Jeff Daniels - Director of Marketing - Olympus | LinkedIn.
How many employees does CME Group have? ›
As of December 2021, CME Group had headcount of 3,480 employees and offices in more than 15 countries.