CEO Carsten Kengeter is no longer the only member of the group's senior management under investigation.
Reuters
Any hopes Deutsche Börse had of a quick resolution after last month’s settlement of a trading probe were summarily crushed as Frankfurt prosecutors expanded an ongoing investigation. Initially, an investigation was looking into Deutsche Börse CEO Carsten Kengeter’s role in share purchases, however the probe has now expanded to all leading management.
Originally launched back in February 2017 by German prosecutors, the probe focused on Mr. Kengeter, alleging insider trading of company stock. The timing of share purchases had been suspect given its proximity to the ultimately doomed bid and merger with the London Stock Exchange (LSE).
For his part, Mr. Kengeter has towed the same line since the investigation was first brought to light, firmly shooting down any such allegations. Over the past few months he has on multiple occasions reiterated that any insider charges against him would prove totally unfounded and that he had no role in dictating the timing of his share purchases with the announced merger plans with the LSE.
Last month’s settlement gave little credence to his stance – allegations had extended back to a 2015 purchase of over $4.85 million of Deutsche Börse shares at the onset of merger talks with the LSE. While Deutsche Börse was hit with a $12.3 million (€10.5 million fine), Mr. Kengeter was not cleared of all wrongdoing with the investigation left still open and ongoing.
Bloomberg Carsten Kengeter, Deutsche Börse CEO
Reliability of management being questioned
Fast-forwarding to the present, German investigators are now examining not just Mr. Kengeter but all of the group’s management, according to an FT report. In particular, domestic authorities are opening up a broader investigation into the ‘reliability’ of Deutsche Börse’s currently installed management in running the exchange.
The timing of the expanded probe is noteworthy given that Mr. Kengeter’s contract is up for renewal in March 2018. Any lingering uncertainty, or worse, expanded charges could complicate the decision to keep him on. However, Deutsche Börse chairman Joachim Faber has already stated he wants to keep Mr. Kengeter in his current role.
Deutsche Börse is hoping for a quick and speedy resolution, as it looks into a potential expansion of a euro interest rate Swaps clearing business.
Any hopes Deutsche Börse had of a quick resolution after last month’s settlement of a trading probe were summarily crushed as Frankfurt prosecutors expanded an ongoing investigation. Initially, an investigation was looking into Deutsche Börse CEO Carsten Kengeter’s role in share purchases, however the probe has now expanded to all leading management.
Originally launched back in February 2017 by German prosecutors, the probe focused on Mr. Kengeter, alleging insider trading of company stock. The timing of share purchases had been suspect given its proximity to the ultimately doomed bid and merger with the London Stock Exchange (LSE).
For his part, Mr. Kengeter has towed the same line since the investigation was first brought to light, firmly shooting down any such allegations. Over the past few months he has on multiple occasions reiterated that any insider charges against him would prove totally unfounded and that he had no role in dictating the timing of his share purchases with the announced merger plans with the LSE.
Last month’s settlement gave little credence to his stance – allegations had extended back to a 2015 purchase of over $4.85 million of Deutsche Börse shares at the onset of merger talks with the LSE. While Deutsche Börse was hit with a $12.3 million (€10.5 million fine), Mr. Kengeter was not cleared of all wrongdoing with the investigation left still open and ongoing.
Bloomberg Carsten Kengeter, Deutsche Börse CEO
Reliability of management being questioned
Fast-forwarding to the present, German investigators are now examining not just Mr. Kengeter but all of the group’s management, according to an FT report. In particular, domestic authorities are opening up a broader investigation into the ‘reliability’ of Deutsche Börse’s currently installed management in running the exchange.
The timing of the expanded probe is noteworthy given that Mr. Kengeter’s contract is up for renewal in March 2018. Any lingering uncertainty, or worse, expanded charges could complicate the decision to keep him on. However, Deutsche Börse chairman Joachim Faber has already stated he wants to keep Mr. Kengeter in his current role.
Deutsche Börse is hoping for a quick and speedy resolution, as it looks into a potential expansion of a euro interest rate Swaps clearing business.
ASX Faces $150M Capital Charge After Scathing Inquiry Finds Years of Neglect
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
