Derivative associations establish European umbrella organization

Today in Brussels the derivative associations of Germany, Italy, Austria and Switzerland established a joint organization. In future the European Derivatives Association (euderas) will represent the interests of the sector in Europe. The president of the new association is Siegfried Piel, and the vice-president is Roger Studer.

Among the founding members of the European Derivatives Association are the Italian association Associazione Italiana Certificati e Prodotti di Investimento (ACEPI), the German association Deutsche Derivate Verband (DDV), the Swiss Structured Products Association (SSPA) and the Zertifikate Forum Austria (ZFA). The Finnish Structured Products Association will participate initially as an observer in the European Derivatives Association.