Michael Zollweg is to leave the Frankfurt Stock Exchange and Eurex Germany at the end of this year.
Zollweg has worked as head of the Trading Surveillance Office (TSO) for 20 years, where he is responsible for national and international committees and working groups.
A statement revealed that Zollweg will leave Deutsche Boerse Group “on the best terms”.
The TSO is an independent supervisory body of the exchange in the meaning of the German Exchange Act, and part of Market Surveillance.
It supervises exchange trading on the cash market of the Frankfurt Stock Exchange and on the derivatives market of Eurex Germany.
Zollweg will continue to be available to the company as a consultant in the area of trading surveillance until the end of 2020.
In addition, he was a representative for the Intermarket Surveillance Group, where he led several working groups on regulatory issues, such as the detection of market abuse in electronic trading.
Martin Reck, board member of the Frankfurt Stock Exchange, said: “We would like to thank Michael Zollweg for his many years of service for Deutsche Börse Group.”
He added: “As head of the TSO, he 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.”
