About us The Exchange

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:

Thomas Book

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Member of the Supervisory Board of Eurex Frankfurt AG

With more than 20 years of industry experience, Thomas Book is one of the pioneers in the field of electronic trading. Having joined Deutsche Börse Group in 1995, he was part of the team that rolled out DTB‘s remote membership concept across Europe and the US. During this time, he was able to gain deep insights into the trading business and the importance of innovation and technology for an exchange. Book also was part of the project that founded Eurex, the first of its kind cross border exchange merger of DTB and Soffex. In 2001, he rounded off his profound industry knowledge with a Ph. D. thesis on "Electronic exchange trading and global markets". Prior to being appointed Member of the Supervisory Board of Eurex Frankfurt AG, Book was CEO of Eurex Frankfurt AG from 2016 until June 2020. Previously, Book already shaped Deutsche Börse‘s clearing business for many years. Appointed to the Eurex Board in 2007, he was Head of Clearing until 2014. In 2013, he assumed the role as CEO of Eurex Clearing AG which he held until 2016. As of 1 July 2018, Book was appointed as Member of the Executive Board, Deutsche Börse AG, responsible for Trading & Clearing. Furthermore, Book is chairing the Management Board of Eurex Deutschland, he is Chairman of the Supervisory Board of European Energy Exchange AG as well as Vice-Chairman of the Supervisory Board of 360 Treasury Systems AG and of China Europe International Exchange AG.

Erik Tim Müller

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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 the 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.


Michael Peters

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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.

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.

Randolf Roth

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Member of the Executive Boards of Eurex Frankfurt AG

In April 2016, Randolf Roth was appointed to the Managing 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.

Wolfgang Eholzer


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.


Exchange Council of Eurex Deutschland

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 28 November 2019 and began the term of office with the constituent meeting on 23 January 2020.

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

Carola Gräfin von Schmettow (Chairwoman of the Exchange Council)
Chief Executive Officer
HSBC Germany
(Voter group 1c – other credit institutions including the securities trading banks)

Prof Dr Lutz Johanning (Deputy Chairman of the Exchange Council)
Holder of the Chair of Empirical Capital Market Research
WHU - Otto Beisheim School of Management
(Voter group 3 – Investors)

Christophe Adam
Head of Listed Derivatives, EMEA & APAC, Prime Services & Clearing
SG International Ltd.
(Voter group 3 – Investors)

Jonathan Aucamp
Executive Chairman
OSTC Ltd.
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading)

Nico Baader
Chief Executive Officer
Baader Bank AG
(Voter group 1c – other credit institutions including the securities trading banks)

Kalle Valentijn Blom
Chief Operating Officer
Optiver V.O.F.
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading)

Robbert Booij
Chief Executive Officer Europe
ABN Amro Clearing Bank N.V.
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading)

Dr Carsten Esbach
Permanent Representative of the Branch
BNP Paribas S.A., German Branch
(Voter group 1c – other credit institutions including the securities trading banks)

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

David Furlong
Managing Director
Virtu Financial Ireland Limited
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading)

Jörg Hessenmüller
Chief Operating Officer
Commerzbank AG
(Voter group 1c – other credit institutions including the securities trading banks)

Folkert Joling
Chief Trading Officer
Flow Traders BV
(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
(Wählergruppe 1b – öffentlich-rechtliche Kreditinstitute)

John Keogh
Managing Director
Susquehanna International Securities Ltd.
(Voter group 2 – financial services providers and other companies admitted to participation in exchange trading)

Wolfgang Köhler
Member of the Executive Board
DZ BANK AG
Deutsche Zentral-Genossenschaftsbank
(Voter group 1a - cooperative credit institutions)

James von Moltke
Chief Financial Officer
Deutsche Bank AG
(Voter group 1c – other credit institutions including the securities trading banks)

Gerhard Wiesheu
Personally liable partner
B. Metzler seel. Sohn & Co. KGaA
(Voter group 1c - other credit institutions including the securities trading banks)

Permanent Guest
Dr Stephan Bredt
Armin Winterhoff
Hessian Ministery of Economics, Energy, Transport and Housing