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Nandapurkar: "Due to the
complexity of our plan we
delayed getting approval for
the link. That hurt us: it was our
main unique value proposition"
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Eurex US is starting to bulk up. It needs to. It has been a year since the Swiss-German derivatives exchange opened shop, and there are few external sources prepared to describe it as a success.
"Eurex has lost a lot of momentum," says Russ Wasendorf, CEO of Peregrine Futures, a retail futures commission merchant in Chicago. "Perhaps there was a miscalculation on their part."
Eurex took on the Chicago Board of Trade, the long-term home to the US treasury futures complex of contracts, and has barely made a dent. "There is definitely a perception in the US that Eurex came here, picked a fight with the CBOT and failed," says Thomas Kloet, chief operating officer of institutional brokerage Fimat USA. "I don't think...
