CME Europe - The European Derivatives Exchange of CME Group

 
 

CME Europe is a London-based derivatives exchange providing regionally tailored access to new, differentiated products, while leveraging the global scale and reach of CME Group. A wholly owned subsidiary of CME Group with its own dedicated Board of Directors and management team, CME Europe offers new, more applicable regional risk management opportunities combined with the potential for meaningful operational and capital efficiencies.

Customers can choose between a range of connectivity options to CME Europe as well as use CME Group's own free trading screen, CME Direct. Once connected they can choose between trading the initial range of FX and commodities futures on CME Globex or submitting block or EFPS trades via CME ClearPort for clearing. Clearing services are provided by CME Clearing Europe, our established London-based clearing house regulated by the Bank of England.

CME Europe Ltd management endeavoured to nominate a Board of Directors that can guide and assist the Exchange to a best practice standard in all areas - commercial, regulatory, financial and leadership.

List of CME Europe Ltd Board Members:

  • Michael Blair, Independent Non-Executive Director
  • Bryan Durkin, Non-Executive Director
  • David Feltes, Executive Director
  • Mark Goodliffe, Independent Non-Executive Director, Audit and Risk Committee (Chair)
  • William Knottenbelt, Chief Executive Officer
  • Dr. Hans-Bernd Menzel, Independent Non-Executive Director
  • Michael O’Connell, Non-Executive Director
  • James Oliff, Non-Executive Director
  • Simon Raybould, Independent Non-Executive Director Audit and Risk Committee (Member)
  • Derek Sammann, Non-Executive Director
  • Mark Spanbroek, Chairman of the Board, Independent Non-Executive Director
Michael Blair

Michael Blair QC
Independent Non-Executive Director

A well regarded QC in the top flight of financial services practitioners and with previous experience in the public service, including Parliament, in City regulation and in the commercial world, Michael Blair has served at the top of his profession for many years. This time has included titles such as the Treasurer of the Bar Council and Master Treasurer of his Inn of Court. In addition to this he has judicial and disciplinary experience.

Currently Blair is self-employed as a specialist on financial services and financial services regulation. He joined 3 Verulam Buildings, Gray’s Inn, in 2000 after serving as General Counsel to the Board of the Financial Services Authority, and prior to that as head of the legal function in its predecessor body, as well as the Securities and Investments Board for 10 years.

He is listed in Chambers & Partners as a leader in the field of Financial Services, being, “highly valued by clients for his insights into the workings of the FSA. His broad-based financial services practice means that he is in demand by those who view him as a high-powered player in the field.”
Bryan Durkin

Bryan T. Durkin, Chief Operating Officer, CME Group
Non-Executive Director

Bryan T. Durkin has served as Chief Operating Officer of CME Group since July 2007. He is responsible for the Products & Services, Marketing, Research & Product Development, Technology, Global Operations and Enterprise Solutions Divisions, as well as the company’s global offices. Additionally, he is President of GFX Corp., a wholly owned subsidiary of CME Group that provides liquidity in foreign exchange futures.

He led the global integrations following CME’s merger with the Chicago Board of Trade (CBOT) in 2007 and CME Group’s acquisition of the New York Mercantile Exchange (NYMEX) in 2008. Before joining CME Group, Durkin served as Executive Vice President and Chief Operating Officer of the CBOT. Prior to that role, he was in charge of the CBOT’s Office of Investigations and Audits where he oversaw the audits, financial surveillance, trade practice and market surveillance self-regulatory and enforcement divisions for the exchange. His career with both CME Group and CBOT spans more than 30 years.

Durkin serves on the Board of Directors of Bursa Malaysia Derivatives Berhad. He is a member of the COMEX Governors Committee and the Commodity Futures Trading Commission (CFTC) Technology Advisory Committee. He also serves on the Board of Directors of the CME Group Community Foundation and the Board of Advisors of Misericordia. Durkin holds a bachelor’s degree in business administration and an MBA from Lewis University. He has been an adjunct faculty member of Lewis University’s MBA program, teaching courses in organizational behavior and management.
David Feltes

David Feltes, Chief Operating Officer, CME Europe
Executive Director

David Feltes is Chief Operating Officer of CME Europe Ltd. He is responsible for products strategy and operations at CME Europe Ltd. Feltes joined CME Group as a Director for Alliance and Venture Management in 2010.

Prior to joining the CME, Feltes worked as a Principal for Oliver Wyman, a strategic management consultancy, focusing on exchanges, trading and market structure. Project work included working with the leading post-trade houses in Europe and the US, and he has advised many of the leading financial services firms in the EU, Asia and the Middle East. He began his career at Marquette Partners, LP, a leading proprietary trading firm. At Marquette, he rose from pit clerk to IT Manager to CEO in just over 10 years.

He graduated from Washington University in St. Louis with degrees in economics and political science, as well as graduate course work in financial information technology.
Mark Goodliffe

Mark Goodliffe
Independent Non-Executive Director

Mark Goodliffe is currently Chief Financial Officer at REA Holdings plc where he is responsible for all accounting and controls for a plantation group (oil palms in Indonesia) with full Stock Exchange listing.

Previously he served as Chief Financial Officer at Penson Financial Services Ltd, Group Financial Controller at London Stock Exchange Group plc, Director of Finance at LIFFE, (latterly taken over by Euronext NV), and as Finance Director at IG Index plc. He also held positions at Credit Agricole Futures, (latterly merged into Carr Futures), as well as at Kidder, Peabody, Morgan Stanley and Stoy Hayward.

Goodliffe graduated from University College London with a first-class BA Honours degree in Linguistics. He is also a chartered accountant (ICAEW), a six-time Times Crossword Champion and occasional club cricketer.

He is also the Chairman of the CME Europe Limited Audit and Risk Committee.
William Knottenbelt

William Knottenbelt
Chief Executive Officer

William Knottenbelt serves as Senior Managing Director, Europe, Middle East and Africa (EMEA) of CME Group. He is responsible for developing customer relationships, core business growth and new business opportunities throughout the EMEA region.

Prior to joining CME Group, he most recently served as Global Head of Futures for the Royal Bank of Scotland (RBS) where he built out the global reach and product offering of RBS futures. He also served as Global Head of Central Counterparty Clearing where he worked on developing the bank's over-the-counter clearing solutions. Knottenbelt held a number of leadership roles at RBS and its affiliates during the past 25 years, including Global head of Futures, FX and Interest rate derivatives prime brokerage. He began his career trading commodities at C Czarnikow commodity trading house.

He also served as an Executive board member at both the Futures Industry Association and the Futures Options Association.
Hans-Bernd Menzel

Dr. Hans-Bernd Menzel
Independent Non-Executive Director

Dr. Menzel has strong executive experience as CEO of the European Energy Exchange (EEX), as well as CEO of the ECC clearing house. In this role, he built a fully regulated and commercially successful leading energy marketplace, world-market leader in electricity products. He has sat on multiple market industry committees and supervisory boards, and has in depth knowledge of OTC and exchange traded products and market participants.

He has a strong track record on the theory and practice of markets, including active risk assessment and management, the development and introduction of risk management software, and post-trade handling with some of the leading industrial corporations and banks world-wide. Menzel has won awards as an exchange leader, and has a proven reputation as a thought-leader on market structure and regulation. The management team looks to him for strategic exchange leadership guidance, as well as best-practice standards for building new marketplaces, and commercial links to continental Europe.
Michael O’Connell

Michael O'Connell, Managing Director Clearing Solutions, CME Group
Non-Executive Director

Michael O’Connell is the Managing Director, Clearing Solutions at CME Group. He is the Global Business Head for Clearing Products and Services management; he is accountable for the global clearing strategy and execution related to exchange-traded and over-the-counter (OTC) products and their ancillary post-trade components, including repository services. Immediately prior to CME, he held the position of Senior Vice President, Corporate & Institutional Services at Northern Trust, responsible for derivative products strategy within Custody Services.

O’Connell served as Managing Director at Bank One for seven years, leading up to the merger with JP Morgan, where he was Head of Equity Derivative Trading. He was a Market-Maker at the Chicago Board Options Exchange (CBOE) during the mid-90s, prior to which he was a Vice President at DE Shaw & Co, leading their early equity derivative trading strategy; O’Connell began his trading career in 1986 at Hull Trading Company, and attained the level of Partner prior to leaving for DE Shaw & Co in 1990.

O’Connell has a Bachelor’s degree in Biology/Physics from Lawrence University, and attended the University of Wisconsin School of Medicine and Public Health, enrolled in the PhD program in Pathology.
James Oliff

James Oliff
Non-Executive Director

James Oliff has served as a member of the CME Group board of directors since 1994 and has been a member of CME for more than 30 years. He served as CME Group's Vice Chairman from 2002 until 2007 and as CME Group's Second Vice Chairman from 1998 until 2002. He previously served on the CME Group Board from 1982 to 1992.

Oliff was the President of FILO Corp., a floor brokerage business from 1982 and previously held the position of Executive Director of International Futures and Options Associates for 9 years as well as several other senior leadership positions.

In other roles, he acted as President at LST Commodities, LLC, an introducing broker, from 1999 until 2002 and previously served as a member of the Board of FFastFill, plc and the advisory Board for the MS Program in Financial Engineering at Kent State University. He also currently sits on the advisory Board of The Review of Futures Markets.
Simon Raybould

Simon Raybould
Independent Non-Executive Director

Simon Raybould brings to the board of CME Europe, 35 years' experience in the financial sector, including 20 years at the MD/CEO level. He has worked in European, Asian and North American markets, and has led bank ETD desks, FCM businesses, and also worked with LIFFE as MD Sales&Marketing. His integrity and reputation in the global futures markets are solid and thorough.

Raybould has worked with and achieved recognition from multiple regulatory bodies, including SFC in Hong Kong, HKEX, Eurex Working Clearing Working Group, SIMEX,FIA, SFA and the UK Securities Institute. He has a vast network of contacts in the derivatives community in London, continental Europe, Asia and America. He has entrepreneurial experience, including establishing a full brokerage in Hong Kong for MF Global in Asia.

He is also a member of CME Europe's Audit and Risk Committee.
Derek Sammann

Derek Sammann, Snr Managing Director Financial Products & Services, CME Group
Non-Executive Director

Derek Sammann serves as CME Group's Senior Managing Director of FX, Metals and Options Solutions. He is responsible for leading the development, execution and global management of CME Group's FX, Metals and Options Solutions businesses. He has also served as Senior Managing Director of Interest Rates and FX Products, and as Managing Director, Global Head of Foreign Exchange since joining CME Group in September 2006. Prior to joining the company, he acquired more than 16 years of experience in the global FX market, most recently as Managing Director, Global Head of FX Options and Structured Products at Calyon Corporate and Investment Bank in London. He also has held senior level positions with Credit Agricole Indosuez in London, Banque Indosuez in Paris and Cooper, Neff & Associates in Chicago. In addition to serving on CME Group's Senior Leadership Team, Sammann serves on the Board of Directors of CME Europe Ltd. as well as the COMEX Board of Governors.
Mark Spanbroek

Mark Spanbroek
Chairman of the Board - Independent Non-Executive Director

Mark Spanbroek is a proven industry leader in proprietary trading firms, having led Getco Europe for nearly a decade into a leading market liquidity provider across multiple asset classes. He had relationships with multiple exchanges, including Eurex, LIFFE and AEX.

As a director at Van der Moolen, he was responsible for all trading activities and operational functions in the US, UK and Germany. He has built and run successful businesses in the space, and has excellent contacts throughout the industry, particularly in Europe.

Spanbroek’s knowledge of the FX markets, the key participants, along with liquidity provision in listed markets, made him a strong choice to Chair the CME Europe Board. He is involved with the FIA’s European Principal Traders Association, a group focused on issues surrounding high frequency proprietary trading.

William Knottenbelt
Chief Executive Officer

William Knottenbelt serves as Senior Managing Director, Europe, Middle East and Africa (EMEA) of CME Group. He is responsible for developing customer relationships, core business growth and new business opportunities throughout the EMEA region.

Prior to joining CME Group, he most recently served as Global Head of Futures for the Royal Bank of Scotland (RBS) where he built out the global reach and product offering of RBS futures. He also served as Global Head of Central Counterparty Clearing where he worked on developing the bank's over-the-counter clearing solutions. Knottenbelt held a number of leadership roles at RBS and its affiliates during the past 25 years, including Global head of Futures, FX and Interest rate derivatives prime brokerage. He began his career trading commodities at C Czarnikow commodity trading house.

He also served as an Executive board member at both the Futures Industry Association and the Futures Options Association.

Felix J. Carabello
Head of Strategic Sales

Felix J. Carabello was appointed Managing Director, Energy and Metals, International of CME Group in February 2010. He is responsible for executing CME Group's international energy and metals business strategy including increasing trading volume, managing client relationships and building product awareness. He is based out of CME Group's London office.

Since joining the company in 1999, Carabello has held positions of increasing responsibility in the Products & Services Division, including most recently serving as Director, Alternative Investment Products. In this role he was responsible for the development of all CME Group alternative investment derivatives, such as weather, housing, energy and economic derivatives.

Before joining the company, Carabello held various trading and sales positions at Credit Lyonnaise Rouse and Griffin Trading. Additionally, he worked on the New York Mercantile Exchange (NYMEX) trading floor.

He attended Kemper Military College, Westminster College and served his country in the United States Army Reserve, retiring with the rank of Captain in 2006.

David Feltes
Chief Operating Officer

David Feltes is Chief Operating Officer of CME Europe Ltd. He is responsible for products strategy and operations at CME Europe Ltd. Feltes joined CME Group as a Director for Alliance and Venture Management in 2010.

Prior to joining the CME, Feltes worked as a Principal for Oliver Wyman, a strategic management consultancy, focusing on exchanges, trading and market structure. Project work included working with the leading post-trade houses in Europe and the US, and he has advised many of the leading financial services firms in the EU, Asia and the Middle East. He began his career at Marquette Partners, LP, a leading proprietary trading firm. At Marquette, he rose from pit clerk to IT Manager to CEO in just over 10 years.

He graduated from Washington University in St. Louis with degrees in economics and political science, as well as graduate course work in financial information technology.

Paul Richardson
Chief Regulatory and Surveillance Officer

Paul spent fourteen years between 1995 and 2009 at the FSA in London in the Markets Division working for the most part with the London commodity exchanges: leading on the day to day supervision of these recognised entities.

He also managed high profile projects such as the FSA's response to new electricity trading arrangements (NETA) and the application for recognition by NYMEX: latterly the title of technical specialist reflecting appreciation of his wide experience of the commodity markets.

Prior to that Paul spent twenty years trading and broking in the soft commodities and energy markets.

For two years prior to arriving at CME in 2011 Paul was employed at BP in London primarily focused on anti bribery and corruption work in West Africa. During that time he also served on the LME Special Committee.

Between 1994 and 2005 he trained as a Therapeutic Counsellor and has worked in private practice for much of that time and subsequently.
 
 
Holiday Calendars

CME Europe Holiday Schedule

Contact Us  |  View All Contacts

CME Europe
Fourth Floor
One New Change
London EC4M 9AF
United Kingdom

+44 20 3379 3700

CME Europe Sales
+44 20 3379 3746

CME Europe Market Regulation
+44 20 3379 3816

 

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create cmegroup.com and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Idea Exchange - Join Our User Focus Program

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships

Global

Global Offices Contact Information

 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.