Cboe appoints Vikesh Patel as President of Cboe Clear Europe

Rick Steves

“Having been a client, partner and competitor of Cboe Clear Europe over many years I am well aware of the company’s strong reputation, in particular for its outstanding levels of client service, innovation and risk management expertise.”

Cboe Global Markets Inc. has appointed Vikesh Patel as President of Cboe Clear Europe, one of the most if not the most connected CCP in Europe, offering clearing services to 47 trading venues.

Cboe Clear Europe is approved to clear cash equities, depositary receipts, ETFs and equity derivatives (index futures and options).

Past career includes SWIFT, LCH, Goldman Sachs, Morgan Stanley, UK Treasury

Vikesh Patel joins Cboe Clear Europe after fifteen years of experience in financial market infrastructure, most recently at SWIFT, where he was  Head of Securities with responsibility for leading its securities strategy globally.

Prior to joining SWIFT in 2017, Vikesh Patel was a chief operating officer at LCH, focusing on strategy, risk management, and the development of new products for the clearing organization’s EquityClear and RepoClear businesses.

Prior global executive roles include Goldman Sachs and Morgan Stanley, with a primary focus on market infrastructure and post-trade strategy.

He began his career at HM Treasury working on a range of domestic and international policy areas and served as a Private Secretary to both the Financial Secretary to the Treasury and Economic Secretary to the Treasury.

Natan Tiefenbrun, President, Cboe Europe, said: “We are delighted to have Vikesh lead Cboe Clear Europe. He has a long and impressive track record in the securities post-trade industry, both in Europe and globally. We are excited to able to leverage his expertise to support Cboe Clear Europe’s strategic growth and further enhance its position as the leading pan-European clearing house. I would also like to express my gratitude to Arnoud Siegmann for the period in which he has served as Cboe Clear Europe’s Interim President, in addition to his ongoing role as Chief Operating Officer.”

Vikesh Patel, President of Cboe Clear Europe, said: “I am honoured to be appointed as the next President of Cboe Clear Europe. Having been a client, partner and competitor of Cboe Clear Europe over many years I am well aware of the company’s strong reputation, in particular for its outstanding levels of client service, innovation and risk management expertise. The company is at an exciting time in its development and I am looking forward to leading it into its next phase of growth.”

Cboe Clear Europe, formerly EuroCCP

Cboe completed its acquisition of Cboe Clear Europe (formerly EuroCCP) in July 2020. The company has since enhanced its position as the leading pan-European cash equities clearing house, growing its volumes on venues that allow fully interoperable clearing as well as those that have adopted preferred clearing.

The preferred model is used on venues that do not support interoperable clearing and allows Cboe Clear Europe to clear a trade provided that both counterparties have elected it as their preferred clearing provider.

Cboe Clear Europe’s volumes for this service were 47.7 million in the 11 months ended 30 November 2022, compared with 9.1 million in 2021.

Cboe Clear Europe has also diversified into equity derivatives clearing in support of Cboe Europe Derivatives (CEDX), Cboe’s pan-European derivatives exchange which launched in September 2021.


  • Read this next

    Executive Moves

    FXPA elects Joe Hoffman as new Chair in its 10th anniversary

    “The opportunity to serve as Chair of the FXPA is truly an honor, and I am committed to upholding the exceptional work of a FXPA. Given the recent market fluctuations due to global tensions, inflationary pressures, shifts in monetary policy, as well as the outcome of the US election and the risk of recession, brings the potential for more FX volatility in 2024. I am dedicated to expanding the FXPA’s membership and I’m excited about collaborating with all members to echo the unified voice of the FX market.”

    Market News

    Eurozone Fights Stagnation Whilst Stock Indices Rally

    European stock markets are defying economic gloom as they continue to soar to all-time highs, showcasing resilience amidst broader economic challenges.


    Lisk Partners with Indonesia’s Communications Ministry to Boost Web3 Startup Ecosystem

    Discover the strategic partnership between Lisk and the Indonesian Ministry of Communications and Informatics, aimed at propelling local Web3 startups to new heights through comprehensive support and education.

    Executive Moves

    Admirals appoints founder Alexander Tsikhilov as CEO

    “Striking the right balance between sourcing new talent and developing and harnessing the strength and capabilities of our current workforce, is key to achieving our vision.”

    Executive Moves

    GCEX appoints Ignacio Corral and Helen Man to UK operation

    GCEX has announced the appointment of Ignacio Corral and Helen Man to its UK FCA-regulated operation based in London as the firm further expands its global business on account of increasing demand for its digital prime brokerage services.

    Retail FX, Uncategorized

    Public.com to shut down UK operation after eight months

    Public.com’s UK withdrawal reflects broader market dynamics, where increased competition among retail investing platforms, including newcomers like Robinhood and Webull, pressures companies to consolidate their efforts in their most profitable or strategic markets.

    Industry News

    UK FCA commits to swifter enforcement actions

    “Reducing and preventing serious harm is a cornerstone of our strategy. By delivering faster, targeted and transparent enforcement, we will reduce harm and deter others. We will also make greater use of our intervention powers to stop harm in real time.”

    Digital Assets

    Ultimate Crypto Trading Software: Zent Launches Innovative Platform For All Institutional Needs

    Zent, a pioneering software provider for financial institutions, has unveiled its all-in-one platform for high-speed crypto trading across popular exchanges. The “ultimate tool tailored to institutional teams and trading volumes” offers distinct advantages, eliminating hurdles like delays and market impact.

    Digital Assets

    OKX officially launches Turkish crypto trading platform

    “With a crypto adoption rate close to 50%, Türkiye represents a very dynamic and promising market for the industry as it continues to develop. The population’s high level of engagement and understanding of digital assets makes it an ideal environment for OKX, and we’re strongly committed to helping continue to grow this already vibrant ecosystem.”