The departure of Rudi Ferscha from Eurex has prompted varied
responses from the market as to the value of his contribution
to the exchange during his five year tenure and the
implications of his exit for the exchange.
Some said that under Ferscha's leadership Eurex was
applauded for listening to its customers and delivering
services and products they wanted, a trait that helped catapult
Eurex to the position of top exchange in 1999 and stay there
through his five year tenure.
"They were not only responsive to their customers, or
brokers, but to their customer's customers," said Russ
Wasendorf Sr, chairman and CEO of Peregrine Financial Group in
Chicago. "And the business model that was created at Eurex has
forced US exchanges to do more than just lower fees but also
take a real close look at the way they do business, and be much
more responsive to customers too."
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