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 Eurex.
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 growth.
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...