Deutsche Börse Sees Plethora of Changes to its Eurex Unit

Deutsche Börse has made a series of executive changes to its personnel group, including the installment of a new Chief Executive Officer (CEO) at its Eurex unit, according to a Deutsche Börse statement.

Per the announcement, Thomas Book, Deutsche Börse’s Managing Director, has been elevated to the role of CEO at Eurex Frankfurt AG and Eurex Zürich AG as part of his new role as Head of Derivatives Markets Trading for Deutsche Börse Group. In addition, Michael Peters has also been appointed as the new Deputy CEO of Eurex Frankfurt AG.

Furthermore, Eurex Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term is also slated to see a shift in its leadership on July 1, 2016, with Erik Müller, Deutsche Börse’s Managing Director, assuming the position of CEO of Eurex Clearing. Finally, Heike Eckert has also been appointed as the newest Deputy CEO of Eurex Clearing, following a successful tenure as the group’s COO since April 2013.

The moves follow on the heels of a widespread change across Deutsche Borse’s Executive Board back in January, which culminated in the creation of its Clients, Products & Core Markets division, led by Jeffrey Tessler,

As a result of the scaling process, Deutsche Börse aggregated a number of related areas within its existing Executive Board to help consolidate its portfolio management, process flows and client services. The Clients, Products & Core Markets division also combined the group’s derivatives trading businesses, which included the International Securities Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (ISE) and Clearstream’s settlement and custody business.