Following Andreas Preuss's return to Eurex as CEO, FOW's Emma Davey, who has been covering futures markets since before Preuss joined the exchange for the first time in 1990, offers a personal perspective on the man who will now lead the world's largest derivatives exchange.
Those who have not been in the futures industry quite as
long as I have been covering it may not have appreciated the
significance of Andreas Preuss' appointment as CEO of
Since his departure from the exchange back in September
2000, when he was effectively number two to the CEO and
responsible for business development, marketing and sales,
Eurex has firmly established itself as the world's largest
futures exchange, and by a fairly wide margin. But it would be
wrong not to associate both Preuss and his former Eurex CEO
Jörg Franke with being hugely instrumental in that
Eurex first took the title as world's largest exchange in
1999 after Preuss and Franke had instigated then implemented a
well thought out strategy to become more than just a
continental European player.
Launched in 1990, Deutsche Terminbörse (DTB), as it was
then, was already a pioneering exchange, having adopted
electronic trading a decade before it became the global
standard. While its initial performance was respectable, it was
DTB's decision and desire to claw back volume in its domestic
Bund contract from Liffe, which traded a similar product, that
really set it on its course to success.
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