Statement by CME Group Chairman and Chief Executive Officer Terry Duffy on Jack Sandner

CHICAGO, March 12, 2021 /PRNewswire/ -- CME Group Chairman and CEO Terry Duffy today issued the following statement on behalf of the company:

"Today is an extremely difficult day for our company and our industry.  It is with great sadness that we mourn the loss of Jack Sandner who was among our staunchest leaders, biggest champions and, most importantly, a dear friend to so many.  As a long-running chairman of the Chicago Mercantile Exchange (the predecessor to CME Group) in the 1980s and 1990s, Jack oversaw the launch of critical products during his tenure including the S&P 500 and Eurodollar futures contracts.  He was a true visionary who made many contributions to our industry.  It was with sheer grit and determination that he also steadied the organization through some of the biggest crises of the day including the Gold and Silver crisis of 1980 and the Black Monday crash of 1987. 

Jack was a passionate family man whose children meant everything to him.  He was philanthropic throughout his life not only in Chicago but elsewhere within the broader community and beyond, including his alma mater Notre Dame University. 

Despite a life story that began from very humble beginnings, he was able to rise to chairman of the Chicago Mercantile Exchange and assisted in propelling the company into the global leader it has become today.  Jack was vibrant and dynamic and an animated storyteller who could entertain by building up to a dramatic ending like no other. 

We extend our most heartfelt prayers and sympathies to his wife, Carole, all of their children, grandchildren and the entire Sandner family."

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables 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. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc.  All other trademarks are the property of their respective owners. 

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SOURCE CME Group