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

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.

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CME Europe Holiday Schedule

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 3746

CME Europe Market Regulation
+44 20 3379 3816