German exchange group Deutsche Börse has appointed Andreas Mitschke as head of the trading surveillance office, after confirming Michael Zollweg’s decision to step down from the position in September.
Zollweg spent 20 years as head of trading surveillance of the Frankfurt Stock Exchange and Eurex Germany, overseeing the independent supervisory body for exchange trading on the cash market of the Frankfurt Stock Exchange and the derivatives market of Eurex Germany.
“As head of the trading surveillance office, [Zollweg] was responsible for the ongoing development and expansion of digital surveillance of electronic trading systems and pioneered the integrated supervising of the cash and derivatives market,” said Martin Reck, board member of the Frankfurt Stock Exchange, upon announcing Zollweg’s decision to step down.
The cross-exchange surveillance team will be led by Mitschke as of 1 January 2020, after working for the body since 2000. Deutsche Börse said Mitschke has played a key role in merging the trading supervision of Xetra and Eurex and subsequently became head of the trading surveillance electronic markets team. He started out an analyst monitoring trading at Eurex, before specialising in the technological development of surveillance.
“With Andreas Mitschke, we have found a new head of trading surveillance with many years of expertise in this area. In his current position, he has strongly advanced monitoring in fully electronic trading over the last few years, not least by integrating a statistical analysis of data from social media,” Reck added.