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
  • Mark Goodliffe, Independent Non-Executive Director, Audit and Risk Committee (Chair)
  • Cees Vermaas, Chief Executive Officer
  • Dr. Hans-Bernd Menzel, Independent 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
  • Sean Tully, Non-Executive Director

Cees Vermaas

Managing Director and CEO, CME Europe Limited

Cees Vermaas has served as Managing Director and CEO of CME Europe Limited, CME Group¿s European-based derivatives exchange, since January 2015. He is responsible for the ongoing build-out of CME Europe to meet the needs of customers in the European marketplace, following the exchange¿s initial launch in April 2014.

Prior to joining CME Group, Vermaas served as CEO of NYSE Euronext Amsterdam and as a member of the Management Committee of NYSE Euronext, with global responsibility for international business development for cash and listings. Prior to that, he served as Executive Vice President, Head of European Cash Markets, where he was responsible for NYSE Euronext¿s European cash trading business, including equities, fixed income, operations, projects and business development. He originally joined Euronext in 2002 as Director Cash Market Netherlands before being promoted to Executive Director Sales and Marketing, Cash Market. His background also includes a decade working in IT and commercial roles at leading Dutch and international companies.

Vermaas holds a degree in business engineering from the Rijswijk University of Technical Education in The Netherlands. He serves on the Board of Directors of the Confederation of Netherlands Industry and Employers and the American Chamber of Commerce of the Netherlands. He also Ambassador of the War Trauma Foundation.

Steve Katesmark

Head of Market Regulation and Surveillance

Steve Katesmark is currently Head of Market Regulation and Surveillance at CME Europe where he is responsible for all Market Regulation related matters on the Exchange. Prior to joining CME Europe, Steve served as Vice President within the Compliance division of Credit Suisse Securities (Europe) Ltd between 2009 and 2013 working within the Fixed Income and Listed Derivatives Business areas.

Steve brings a broad range of Exchange related experience, having spent the previous nineteen years within the Market Services Division of NYSE Liffe, latterly responsible for managing front line operations of electronic markets traded on the Exchange, having originally joined as a pit official in 1990.

Richard Shade

Head of Operations

Richard Shade serves as Head of Operations for CME Europe and has been with the Exchange since 2013. Before joining CME Europe, Richard worked at NYSE-Liffe for 8 years managing change across the business in the Derivatives Technology Services and Business Change areas. Prior to joining NYSE-Liffe, Richard worked at the Bank of Tokyo-Mitsubishi for 10 years in their Re-Engineering Consultancy and eSolutions teams implementing business and technical efficiencies across the back and middle office areas of the bank, across Europe. Richard holds a Bachelor¿s degree in Business Studies from Oxford Brookes University.

Ben Thorogood

Product Management Utilities and Commodities

 

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Related Links

CME Group Board of Directors
CME Group Management Team

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

+44 20 3379 3700

CME Europe Sales
+44 20 3379 3700

CME Europe Market Regulation
+44 20 3379 3816