Welcome to the April edition of FOCUS.
The theme of this month's edition is SMEs. SMEs are an economic cornerstone, contributing significantly to the economy and also acting as the incubator for the large companies of tomorrow. In March, WFE released its research paper on SMEs, which can be downloaded from the WFE research section at http://www.world-exchanges.org/home/index.php/research/wfe-research. We complement this study with comments from some WFE members at the forefront of this area.