CME CEO Duffy on Growth, NEX, Cryptocurrency Futures

The transcript covers challenges for the next quarter, including geopolitical issues and tariffs. It provides an update on a $5.4 billion acquisition, highlighting expected synergies. The growth in international markets, particularly in Asia, is discussed, along with market volatility and interest rate impacts. The US's energy independence and export opportunities are explored, as well as Bitcoin futures and potential for other crypto assets. Finally, the EU's plans for derivatives oversight post-Brexit are addressed.

What is one of the ongoing challenges that businesses face in the next quarter?

• Decreasing consumer demand

• Cyber-related issues

• Lack of skilled labor

• High inflation rates

What is the value of the acquisition deal discussed in the transcript?

• $3.2 billion

• $9.8 billion

• $5.4 billion

• $7.6 billion

Which region has shown significant growth for international clients?

• Asia

• Africa

• Europe

• South America

What is the expected impact of potential Fed interest rate increases?

• Decreased market participation

• Increased hedging activities

• Stable market volumes

• Reduced geopolitical tensions

How has the US oil production changed recently?

• Increased to 10.5 million barrels a day

• Remained stable

• Stopped completely

• Decreased significantly

What is the stance on expanding the product portfolio across other crypto assets?

• Focus on traditional assets

• Complete withdrawal

• Wait and see approach

• Immediate expansion

What is the significance of the West Texas Intermediate contract?

• It is a local benchmark

• It is a global benchmark for oil pricing

• It is no longer relevant

• It is only used in Europe

What is the European Union's plan regarding derivatives clearing houses?

• Reduce oversight

• Increase oversight, especially post-Brexit

• Maintain current regulations

• Eliminate all regulations

What is the current status of Bitcoin futures trading at CME?

• High volumes with centralized interest

• Only traded in Asia

• Low volumes with diverse interest

• No trading activity

What is the main concern regarding the launch of Bitcoin futures?

• Low margins

• Regulatory approval

• High volatility

• Lack of interest