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Andreas Mitschke to take over as Head of Trading Surveillance Office of Frankfurt Stock Exchange

Andreas Mitschke will become Head of the Trading Surveillance Office (TSO) of the Frankfurt Stock Exchange and the derivatives exchange Eurex, Deutsche Boerse has announced. His appointment is effective January 1, 2020.

Mitschke has been working for TSO since 2000. He started as an analyst monitoring trading at Eurex, before specialising in the technological development of surveillance. Mitschke played a key role in merging the trading supervision of Xetra and Eurex, due to their similar market models, and subsequently became head of the Trading Surveillance Electronic Markets team.

In his role as Head of TSO, Mitschke will succeed Michael Zollweg. In September 2019, Zollweg said he would step down as Head of the TSO of the Frankfurt Stock Exchange and Eurex at the end of 2019 at his own request. Zollweg held this position for 20 years and leaves Deutsche Börse AG on the best of terms.

In his role, Zollweg was actively engaged in national and international committees and working groups. Among others, he was a representative for the Intermarket Surveillance Group (ISG), an association of around 60 international trading inspectors. There 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, commented:

“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”.

The TSO is an independent supervisory body of the exchange in accordance with 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. Cross-exchange surveillance under one roof ensures that interactions between both markets can be taken into account in regulatory analysis. Market participants can contact the TSO directly if they suspect irregularities in trading.

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