About us

Management Board of Eurex Deutschland

As the executive body of Eurex Deutschland, an entity under public law, the Management Board is responsible for all tasks not expressly assigned to other exchange bodies. The legal foundations for the activities of the Management Board are anchored in the Stock Exchange Act. In accordance with its provisions, the Management Board is responsible for managing Eurex Deutschland.

In line with the organisation model of a German stock corporation (Aktiengesellschaft) the management board of Eurex Deutschland is responsible for managing the exchange, whereas the Exchange Council is the responsible body for controlling and regulation. The management board of Eurex Deutschland is responsible for managing the public services of an exchange and ensures that exchange-relevant laws, ordinances, standard terms and conditions and other regulations are implemented and complied with accordingly. In this context, it may assign responsibility for the carrying out of these tasks to other persons.

The Management Board of Eurex Deutschland:

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Chief Executive Officer (CEO) of Eurex Frankfurt AG

Michael Peters is CEO of Eurex Frankfurt AG since July 2020. He has been a member of the Executive Board of Eurex Frankfurt AG since 2006 and had been Vice Chairman of the Executive Board of Eurex Frankfurt AG since February 2016. He is also a member of the Management Board of Eurex Deutschland. Since November 2021 Peters is chairing the meetings of the Management Board of Eurex Deutschland.

From 2001 to 2006, Mr. Peters worked at OMX AB in Stockholm (now part of Nasdaq) as Head of Projects as well as for Strategic Initiatives. Besides important projects for exchange and clearing organizations in the U.S. and Asia/Pacific, his duties included the evaluation and implementation of strategic initiatives for the next generation of trading and clearing systems.

From 2000 to 2001, he was Managing Director of Trading Technologies in Frankfurt and Chicago, responsible for Business Development. From 1991 to 2000, Mr. Peters held various management positions within Deutsche Börse and Eurex, as well as Deutsche Terminbörse (DTB), a predecessor of Eurex. From March 2006 until March 2013 he was a Member of the Executive Board of Eurex Clearing AG.

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In November 2022, Melanie Dannheimer was appointed as a member of the Management Board of Eurex Deutschland. She is responsible for trade venue compliance for both, Eurex Deutschland and Frankfurt Stock Exchange, and the main interface to regulatory Supervisory Authorities. From 2018 until her appointment, she was leading the Onboarding & Business Excellence section with Client Service Trading & Clearing. Within this function she established new KYC- and admission standards for trading- and clearing members as well as their end clients. Between 2013 and 2018 she worked for Eurex Clearing AG heading a team within Clearing Design. She significantly expanded Eurex Clearing´s payment and settlement infrastructure and implemented an outsourcing framework according to MaRisk standards. Melanie Dannheimer started her career with Deutsche Börse in 2008 as a Key Account Manager, where she held responsibility for the admission and maintenance of international trading and clearing members. Dannheimer is a trained bank manager with advanced specialization in compliance, regulatory law and bank management.

Melanie Dannheimer is likewise a Member of the Management Board of Frankfurt Stock Exchange.

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Member of the Executive Boards of Eurex Frankfurt AG / Member of the Management Board of Eurex Deutschland

Dr. Wolfgang Eholzer, who has more than 20 years of industry experience in Exchange Technology, is CTO of Eurex Frankfurt AG since January 2019. He is also a member of the Management Board of Eurex Deutschland.

As a Board Member, Dr. Eholzer is responsible for derivatives trading IT and, in particular, for the IT strategy as well as the development and technical operation of Eurex Frankfurt AGs trading system T7.

In 2007, Dr. Eholzer joined Eurex Frankfurt AG heading the Eurex Trading Technology Roadmap which resulted in the delivery of the high speed trading interfaces for order management and market data. In addition, he is responsible for Eurex Frankfurt AG’s performance monitoring and capacity planning as well as for the development and technical operations of T7 trading system.

Before joining Eurex Frankfurt AG in 2007, Dr. Eholzer worked for Deutsche Börse Group in the IT delivery organization from 1998 to 2007.

From 1995 to 1998 Dr. Eholzer spent two and a half years with Cambridge University, U.K., as a research associate at DAMTP (Department of Applied Mathematics and Theoretical Physics) after having received his PhD in Mathematical Physics from Universität of Bonn in 1995.


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Chief Executive Officer (CEO) of Eurex Clearing AG

Erik Tim Müller, CEO of Eurex Clearing AG, has over 20 years of experience in Capital Markets and is a member of the Executive Board of Eurex Clearing AG since April 2013. He is also a member of the Management Board of Eurex Deutschland, represents Eurex on the CFTC Global Markets Advisory Committee and serves on the Board of Directors of the International Swaps and Derivatives Association (ISDA).

As Managing Director of Deutsche Börse Group, he has been previously responsible for Corporate Strategy and Mergers & Acquisitions (M&A) for many years. Since the IPO of Deutsche Börse in 2001, Müller has been a manager of Deutsche Börse Group. He has been responsible for Group Treasury and Investor Relations, including all treasury activities of two bank licensed businesses of Deutsche Börse Group, Eurex Clearing in Frankfurt/Main and Clearstream in Luxembourg since 2008.

Müller holds a dual degree MBA from Goethe University in Frankfurt/Main, Germany and the Fuqua Business School in North Carolina, USA.


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Member of the Executive Boards of Eurex Frankfurt AG

In April 2016, Randolf Roth was appointed to the Executive Board of Eurex Frankfurt AG where he is responsible for Equity & Index Derivatives. He is also a member of the Management Board of Eurex Deutschland since July 2016.

Until February 2016 Randolf Roth served as CEO two related companies: Zimory GmbH and Deutsche Börse Cloud Exchange AG. Previously, between 1999 - 2014, he had already been working for Eurex in London, Chicago and Frankfurt in a number of roles including Head of Strategy and Head of Market Structure.

Until June 2016 Randolf Roth was member of the Supervisory Board of EEX AG. In 1999, Randolf Roth received his PhD in Financial Engineering from Technische Universität Dresden.

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Member of the Executive Boards of Eurex Frankfurt AG

In July 2020, Jonas Ullmann was appointed to the Executive Board of Eurex Frankfurt AG where he is responsible for Trading Design & Delivery and acts as Chief Operating Officer within Eurex Frankfurt AG. Since November 2021 he is also a member of the Management Board of Eurex Deutschland.

Until June 2020 Jonas was responsible for Market Functionality within Eurex Market Design. This included the implementation of several market micro structural measures part of the market structure roadmap and the continuous development of the T7 trading system. 

Before that he worked in the Market Supervision Derivatives Trading area and took care of several trading related topics, including theoretical pricing and implementation of new option pricing systems.

Ullmann holds a Master of Money and Finance degree from Goethe University in Frankfurt/Main, Germany.

The Exchange Council is a key forum for discussing fundamental issues and developments at Eurex Deutschland.

The Exchange Council of Eurex Deutschland has 18 members, who are elected for a term of three years. The acting Exchange Council was elected on 2 December 2022 and began the term of office with the constituent meeting on 23 January 2023.

Current members of the Exchange Council of Eurex Deutschland are the following persons:

Tobias Vogel (Chairperson of the Exchange Council)
Chair of the Management Board
UBS Europe SE
(Voter group 1c – other credit institutions including the securities trading banks)

Christoph Hock (Deputy Chairperson of the Exchange Council)
Head of Multi-Asset Trading
Union Investment
(Voter group 3 – Investors)

Nico Baader
Chairman of the Board of Directors
Baader Bank AG
(Voter group 1c – other credit institutions including the securities trading banks)

Oliver Behrens
Chairman of the Management Board
Morgan Stanley Europe SE
(Voter group 1c – other credit institutions including the securities trading banks)

Souâd Benkredda
Member of the Board of Managing Directors  
DZ Bank AG Deutsche Zentral-Genossenschaftsbank
(Voter group 1a– cooperative credit institutions)

Eric Böss
Global Head of Trading
Allianz Global Investors GmbH
(Voter group 3 – Investors)

Fabrizio Campelli
Member of the Management Board
Deutsche Bank AG
(Voter group 1c – other credit institutions including the securities trading banks)

Moritz Counil
Member of the Executive Board
Kerdos Investment-AG TGV
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading)

Allard Jakobs
Chief Executive Officer
All Options International B.V.
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading

Bronislav Kandrík
Chairman of the Board of Directors
RSJ Securities a.s.
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading)

Hans-Dieter Kemler
Member of the Executive Board
Landesbank Hessen-Thüringen Girozentrale AdöR
(Voter Group 1b – credit institutions under public law)

Jan Kupfer
Member of the Management Board
UniCredit Bank AG
(Voter group 1c – other credit institutions including the securities trading banks)

J. Courtney Malcarney
Member of the Executive Management
IBKR Financial Services AG
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading)

Mario Mattera
Member of the Executive Board
B. Metzler seel. Sohn & Co. AG 
(Voter group 1c – other credit institutions including the securities trading banks)

Fabian Rijlarsdaam
Managing Director
Flow Traders Asia Pte. Ltd.
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading)

Wilrik Sinia
Board Member
Mint Tower Capital Management B.V.
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading)

Aldo van Audenaerde
Executive Director
Optiver VOF
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading)

Permanent Guest
Marco Kreuter
Armin Winterhoff
Hessian Ministry of Economy, Transport, Urban and Regional Development


On the Exchange Council, currently one seat for voter group 2 “financial services providers and other companies admitted to participation in exchange trading” remains vacant”

Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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