Deutsche Börse's Shareholders Elect New Rep to Supervisory Board

Shareholders of Deutsche Börse AG, a German marketplace organizer for the trading of shares and other securities, have elected Shannon Johnston, the Chief Technology Officer (CTO) of Global Payments Inc., as their representative to the company’s Supervisory Board.

Johnston, who also assumed the chairmanship of the Board's Technology Committee, was elected during the German company’s virtual Annual General Meeting (AGM) 2022, which was held on Wednesday.

Börse announced Johnston’s election on Wednesday on its website.

Johnston brings over 18 years of experience in the financial technology industry to the role, the marketplace organizer said.

Additionally, the CTO is succeeding Karl-Heinz Flöther who resigned from his position and left the Board after 10 years, the company said.

While delivering his speech at the AGM, Martin Jetter, the Chairman of the Supervisory Board, called for support for Ukraine in the ongoing Russia-Ukraine war.

Jetter said, “Before getting into my report on the work of the Supervisory Board, there is one issue that cannot and must not go unmentioned: the severe, to us hardly conceivable suffering that Mr Putin’s war of aggression is inflicting on the country of Ukraine.

“What the Ukrainian people now need is more than mere sympathy: they need our active support. We at Deutsche Börse are facing up to our responsibility with aid measures for those directly and indirectly affected as well as by doing our part regarding the implementation of the imposed sanctions.”

How's Börse Doing?

Meanwhile, Börse saw a 24% jump in its net revenue for the first quarter of 2022 due to increased trading activities. In absolute terms, the figure came in at more than €1.06 million.

In March 2022, the trading venue operator’s cash markets generated a turnover of €250.5 billion.

The outcome is a 22% increase (approximately) from the €205.4 billion it recorded earlier in February.

On the contrary, Börse’s forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term non-deliverable forwards (NDFs) dropped by 25% between March and April 2022.

Furthermore, the company reported a marginal 2.1% increase in its cash markets in April.