Terry Duffy
Showing 1–3 of 3 transcripts.
- Milken Institute1h 12m
The Global Economy: Hoping for Momentum amid Tepid Times
Skip Reimer, Jim McCoggan, Terry Duffy, Alex Friedman, Joshua Harris, Alan Howard, Min Zhu
The 17th annual Milken Institute Global Conference convened 650 speakers, including Jim McCoggan, Joshua Harris, and IMF Deputy Managing Director Min Zhu, to analyze diverging global monetary policies and tepid economic growth. Panelists debated U.S. GDP forecasts of 2.7% to 3% against risks from elevated valuations and potential recession, while highlighting Europe's banking deleveraging and emerging market vulnerabilities driven by China's credit boom. The discussion concluded with warnings that geopolitical tail events from the Russia-Ukraine crisis and regulatory fragmentation could disrupt market stability despite current low volatility.
- Milken Institute51 min
The Future of Trading
Bart Chilton, Terry Duffy, Jamil Nazarali, Lou Salkind, Chris Brummer
CFTC Commissioner Bart Chilton and CME Group Chairman Terry Duffy led a panel discussing the regulatory "futurization" of swaps under Dodd-Frank and the complex role of high-frequency trading in equity and futures markets. While proponents like Citadel's Jamil Nazarali and DE Shaw's Lou Salkind argued that fragmented trading structures and algorithmic speed lower costs and increase liquidity, Chilton raised concerns regarding surveillance gaps, the profitability of proprietary traders at the expense of retail investors, and the risks of regulatory delays. The discussion highlighted the contrast between the centralized, circuit-breaker-protected futures market and the fragmented equity landscape, emphasizing the critical need for international harmonization to prevent regulatory arbitrage and maintain market stability.
- Milken Institute1h 15m
Global Markets in Uncertain Times
Madelyn Antoncic, Willem Buiter, Terry Duffy, Mohamed El-Erian, Ken Griffin, Alexander Friedman, Skip Reimer
The Milken Institute's 16th Annual Global Conference assembled 620 speakers to address critical global economic risks, including distorted asset valuations, Eurozone fragmentation, and unsustainable credit bubbles in emerging markets. Prominent economists like Mohamed El-Erian and Ken Fisher warned that excessive central bank liquidity has created systemic vulnerabilities, urging policymakers to prioritize structural reforms such as entitlement adjustments, labor market deregulation, and fiscal consolidation over continued monetary expansion. The consensus among leaders emphasized that avoiding a future financial collapse requires moving beyond temporary "band-aid" solutions to implement coherent regulatory frameworks and restore market-driven price signals globally.