Eurex, Europe’s derivatives exchange, has appointed
Robbert Booij from ABN Amro as its new CEO. This decision reflects the exchange’s
ambitions amid the uncertainties related to Brexit and its aspirations to compete in London’s derivatives industry.
Departing from the conventional German leadership,
Booij, formerly of ABN Amro, brings a fresh perspective to Eurex’s strategic
direction. Booij’s appointment underscores Eurex’s response to
Brexit’s repercussions, particularly in the lucrative euro interest rate swaps
clearing market, the Financial Times reported.
Booij’s tenure at ABN Amro Clearing Bank and his
previous role as the Chair of Eurex’s 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 council position him as an industry
insider with a deep understanding of derivatives trading dynamics.
Booij is set to take on the role of Chief Executive
Officer at Eurex Frankfurt AG, starting from July 1, 2024, succeeding Michael
Peters. Peters, who has been with Eurex Frankfurt AG since 2006 and served as
CEO since 2020, will step down effective in September 2024.
According to the statement shared by Deutsche Borse
Group, Booji mentioned: “I know Eurex well from my current role at ABN
AMRO Clearing Bank N.V. and had the honour to be the Chairman of the Eurex
Exchange Council. Eurex is a global derivatives powerhouse, both in trading and
clearing.”
“I feel very privileged to be appointed as CEO
of Eurex Frankfurt AG. I am excited to work with the team and Eurex’s clients
in my new role, and to build upon the great achievements delivered under the
leadership of Michael.” Eurex’s growth trajectory is evidenced by
its rising 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 volumes, which surged to €185 billion last year, marking a
significant uptick from previous years.
Eurex’s Strategic Response to Regulatory Shifts
As the EU’s regulators seek to reclaim control over
euro derivatives, Eurex positions itself as a viable alternative, intensifying
its efforts to attract traders and firms to its platform.
Eurex, owned by Deutsche Börse, has embarked on a
proactive campaign to attract market share from London’s derivatives hub. The exchange aims to solidify its position as a formidable contender in the evolving European financial landscape by introducing profit-sharing schemes and expanding product offerings, including daily options.
Eurex, Europe’s derivatives exchange, has appointed
Robbert Booij from ABN Amro as its new CEO. This decision reflects the exchange’s
ambitions amid the uncertainties related to Brexit and its aspirations to compete in London’s derivatives industry.
Departing from the conventional German leadership,
Booij, formerly of ABN Amro, brings a fresh perspective to Eurex’s strategic
direction. Booij’s appointment underscores Eurex’s response to
Brexit’s repercussions, particularly in the lucrative euro interest rate swaps
clearing market, the Financial Times reported.
Booij’s tenure at ABN Amro Clearing Bank and his
previous role as the Chair of Eurex’s 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 council position him as an industry
insider with a deep understanding of derivatives trading dynamics.
Booij is set to take on the role of Chief Executive
Officer at Eurex Frankfurt AG, starting from July 1, 2024, succeeding Michael
Peters. Peters, who has been with Eurex Frankfurt AG since 2006 and served as
CEO since 2020, will step down effective in September 2024.
According to the statement shared by Deutsche Borse
Group, Booji mentioned: “I know Eurex well from my current role at ABN
AMRO Clearing Bank N.V. and had the honour to be the Chairman of the Eurex
Exchange Council. Eurex is a global derivatives powerhouse, both in trading and
clearing.”
“I feel very privileged to be appointed as CEO
of Eurex Frankfurt AG. I am excited to work with the team and Eurex’s clients
in my new role, and to build upon the great achievements delivered under the
leadership of Michael.” Eurex’s growth trajectory is evidenced by
its rising 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 volumes, which surged to €185 billion last year, marking a
significant uptick from previous years.
Eurex’s Strategic Response to Regulatory Shifts
As the EU’s regulators seek to reclaim control over
euro derivatives, Eurex positions itself as a viable alternative, intensifying
its efforts to attract traders and firms to its platform.
Eurex, owned by Deutsche Börse, has embarked on a
proactive campaign to attract market share from London’s derivatives hub. The exchange aims to solidify its position as a formidable contender in the evolving European financial landscape by introducing profit-sharing schemes and expanding product offerings, including daily options.