Rudolf Ferscha is an investment banker and exchange executive who is the former CEO of the Eurex derivatives exchange. He was Eurex CEO from 2001-2005 and chairman of the management board of the Frankfurt Stock Exchange (2003-2005) and a former member of the management board of Deutsche Boerse, co-owner of Eurex company alongside the SWX Swiss Exchange. He quit the company in December 2005.
Ferscha, an Austrian national, joined the management board of Deutsche Boerse in November 2000 with responsibility for its derivatives division, and was CEO of the Eurex group of companies, including Eurex Zurich AG, Eurex Frankfurt AG and Eurex Clearing AG, as well as chairman of the Frankfurt Stock Exchange.
Eurex expanded into the world's largest derivatives exchange under his stewardship, but Ferscha departed following a long-running series of boardroom disagreements linked in part to the German-Swiss group's problematic push into the US market through its US Futures Exchange unit, which was branded as Eurex US. The US business faced intense competition from the established Chicago Board of Trade, which cut fees and boosted incentives, moves which triggered on ongoing lawsuit from Eurex charging its rival with anti-competitive behaviour.
Ferscha moved to the German group from Goldman Sachs, which he joined in 1997 as an executive director in its London office, before moving the following year to become its chief operating officer of Goldman Sachs in Germany and co-managing director of their German derivatives business.
He started his career as a capital markets lawyer before joining First Austrian International, where he was co-head of the securities trading house from 1990 to 1992, then head from 1992.
JLN News Feed
Wall Street Dealers in Hedging Frenzy Get Blamed for Volatility; Bitcoin Options Market Suggests Investors Preparing for All-Time High
[OSEOSE and TFEX Signed Agreement to Provide OSE Delivery Price for Launching New Rubber Futures to be Listed on TFEX]
Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date November 13, 2020
[TSECONNEQTOR started accepting application for the production]
We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.