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.
CME-G
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SOURCE CME Group