Deutsche Börse appoints Paul Hilgers as Managing Director of its cash market business

Maria Nikolova

In this position, Mr Hilgers will report directly to Thomas Book, Executive Board Member of Deutsche Börse Group.

Deutsche Börse today announces the appointment of Paul Hilgers as Managing Director of its cash market business. The appointment of Mr Hilgers is effective September 1, 2020.

Paul Hilgers

Mr Hilgers has almost 30 years of capital market experience. He started his career in the early nineties as a trader on the derivatives market. In 2003, he took over the management of the European trading business at Van der Moolen in Amsterdam. In 2005, Mr Hilgers became Commercial Director for Fortis Clearing Asia Pacific in Sydney. Two years later he joined Amsterdam-based Market Maker Optiver as Director of Market Structure Asia Pacific, where he was promoted to CEO Asia Pacific in 2010. He was CEO of Optiver from 2014 to 2017.

At present, Hilgers is still a member of the Supervisory Board of Euro CCP.

Mr Hilgers will report directly to Thomas Book, Executive Board Member of Deutsche Börse Group.

From July 1, 2020, Mr Book’s area of responsibility, Trading & Clearing, will encompass all of Deutsche Börse’s trading and clearing platforms. In addition to the cash market, this includes the derivatives exchange Eurex, Eurex Clearing, the FX platform 360T and the energy and commodity business of EEX Group. The cash market segment comprises, among others, the Xetra market, the Frankfurt Stock Exchange, the primary market business and the Deutsche Börse Venture Network.

Paul Hilgers commented on his new position: “I am really looking forward to my new role at Deutsche Börse, which I have known for years from a customer perspective. The cash market is a versatile business area with a significance and appeal far beyond the trading business”.

Read this next

Digital Assets

Alameda sues Voyager Digital to recover $445 million

FTX’s failed trading arm, Alameda Research, asked a court to claw back $445 million from Voyager Digital, which it said SBF’s empire paid to the crypto lender before collapsing into bankruptcy.

Metaverse Gaming NFT

Toyota taps Astar Network to explore Web3 in grand style

Although the crypto ecosystem has faced its fair share of bumps, Japanese automaker Toyota is seemingly bullish about the space and continue to look at Web3 as a promising opportunity.

Digital Assets

Bitcoin dominates inflows into crypto funds, AuM hits $28B

As the price of bitcoin continues to consolidate around recent highs, investors expand their positions in funds designed to profit from further appreciation in the cryptocurrency.

Institutional FX

Fiserv secures major payment institution licence in Singapore

Brookfield-based financial services technology provider Fiserv Inc has obtained nod for a Major Payment Institution license in Singapore.

Institutional FX

Finalto expands NDFs line-up with Taiwanese dollar

Finalto announced today that it has expanded its non-deliverable forwards (NDFs) offering with the addition of Taiwan’s dollar to its trading platform.


It’s time for FX to Harness Crypto’s Potential

Jonathan Cumberlidge, FX Sales Director for BVNK, makes the case for cryptocurrencies in improving the efficiency and flexibility of foreign exchange trading.

Digital Assets

Owner of OptionMint, OptionKing, and OptionQueen gets 30 months in prison

A US federal judge has sentenced Ohio resident Jared Davis, who was found guilty for his participation in a multi-million fraud scheme carried out by Israeli-run binary options websites.

Executive Moves

iS Prime co-founders Raj Sitlani and Jonathan Brewer leave, but “business as usual”

“For our clients and teams at iS Prime, iS Risk and iS Prime Hong Kong, it is business as usual. We will be increasing our investment in our technology and staff, putting our clients first as we drive the business forwards to maintain our market leadership position.”

Digital Assets

Germany-focused DekaBank taps METACO for digital asset custody offering

“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate.”