The widespread confusion over the apparent
demotion of Mike McErlean at Eurex US is the latest symptom of
a growing problem facing the exchange. With barely a week to go
before the proposed launch, market participants are still
unclear about how vital aspects of Eurex's plan will work, and
consequently, there is a growing opinion that the 1 February
target date will not be met.
Nobody appears to doubt that Satish Nandapurkar is a very
good hire. Even Eurex's adversaries at CBoT had nothing but
praise for him, and the words "very smart guy" featured in most
people's response to the news. But the same people were
understandably surprised, having heard McErlean present himself
as president and ceo.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.