With last week marking the first anniversary of Eurex's US venture, many observers were not convinced that the exchange had much to celebrate. FO Week spoke to Eurex ceo Rudi Ferscha about how he views the past year, and what - if anything - he would have changed.
Interview by Laurence Davison
What's your view on how Eurex US has gone a year
down the line?
We are implementing the structure that we have shared with
our customers from the start, which includes Eurex US and the
global clearing link phase one and two. We have implemented
phase one, which has brought us increasing interest from US
market participants to join Eurex in Europe. We've had hedge
funds joining for the first time and that's a very interesting
development for us as we reach out to US customers and make it
even more attractive to trade on Eurex.
In retrospect, would you reconsider the decision to
launch Eurex US before the clearing link was
We are rolling out the programme as anticipated. We would
certainly have loved the clearing link to be available
immediately; that was not possible. We are making services
available to our US customers - that's in the foreground. Would
we have liked to have seen it earlier? Sure.
You don't think it was a mistake not to
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