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The World Federation of Exchanges represents 64 regulated exchanges across the world, and acts on behalf of a total of 99 organizations including affiliate members and clearinghouses.

Our member exchanges are home to more than 45,000 listed companies, while our widely used statistics database covers more than 350 indicators and 40 years of data from exchanges worldwide. Our members provide a significant contribution to the real economy, representing a total market capitalization of USD 63.5 trillion and a total trading value of USD 76 trillion, a value which is over 65% of the world GDP.

Since its foundation 54 years ago, the WFE has organized committees, meetings, general assemblies, conferences, and workshops for its members to transfer knowledge and share expertise. As an industry trade organisation, the WFE has discussed virtually every aspect of the capital market: the technical, the commercial, the legal and the economic. In the past four decades we have published studies and reports on issues such as self-regulation, cross border trading, HFT, cyber security and many others besides.

KRX Opens Emissions Trading Market on January 12, 2015

The Ministry of Environment and the Korea Exchange (KRX) announced that they will hold an opening ceremony of the emissions trading market at the KRX's main office located in Busan and kick off trading on January 12, 2015. 

The emissions trading market is opened pursuant to the Emissions Trading Scheme implemented since January 1, 2015 and trades KAU (Allowances allotted to corporations) and KCU (offsetting credit like CERs).

Market participants will be limited to corporations allotted with emission allowances and public financial institutions such as Industrial Bank of Korea, Korea Development bank and Korea Exim Bank through 2020 pursuant to the addendum of the Act on the Allowance and Trading of Emission Rights. Therefore, it is expected that most of the trading will be conducted by corporations that demand the emission rights.

The Ministry of Environment designated the KRX as an emissions trading market, and the Gas Inventory & Research Center of Korea (GIR) will be in charge of managing the ledger of emission rights.

In the afternoon on the same day, a workshop commemorating the opening of the emissions trading market will be held at Busan Lotte Hotel to discuss various perspectives and major issues.

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CME Group Announces the Launch of Physically Delivered Gold Kilo Futures

CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of physically delivered Gold Kilo Futures contracts (contract code GCK) to begin trading on January 26, 2015, pending all regulatory review periods.

This new contract, which will be listed on COMEX, builds on CME Group's existing suite of precious metals products, and will have contract listings similar to the familiar structure of the benchmark 100 troy ounce Gold Futures contract (GC) listed on COMEX. It will be tied directly to 9999 gold prices in Hong Kong and be physically-delivered in Hong Kong to provide access to round-the-clock price discovery for the Asian gold market. Being listed on COMEX ensures customers will be able to take advantage of deep margin offsets against other benchmark COMEX products and the entire suite of CME Group products.

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ICE Futures Europe to Introduce a Euro-Denominated Cocoa

Intercontinental Exchange, the leading global network of exchanges and clearing houses, today announced that ICE Futures Europe will introduce a new euro currency cocoa contract, which will operate in parallel with the existing London cocoa contract, which is denominated in pound sterling. The euro-denominated cocoa futures and options contracts are expected to be launched in April 2015, with a first maturity of December 2015, subject to completion of relevant regulatory processes.

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Euronext Launches Single Stock Dividend Futures - New Derivatives Products That Allow Investors To Take Position On Dividend Payments

Euronext, the leading exchange in the Eurozone, today announced the launch of a range of Single Stock Dividend Futures on the most liquid stocks listed on its Amsterdam, Brussels, Lisbon and Paris markets. The new dividend futures contracts will be available for trading in Q1 2015, starting with CAC 40® Index components. Euronext's Single Stock Dividend Futures will offer investors additional dividend trading potential and will enable them to benefit from efficient pricing. The new products complement Euronext's already existing dividend index offering made of the CAC 40® and AEX®Dividend Index Futures.

Dividends are a key component for equity and equity derivatives holders and dividend futures are mostly used as a hedging tool. However, dividends are also becoming an asset class of their own offering strong diversification opportunities to investors. Jad Comair, Founder and CIO of Melanion Capital, a leading asset manager specialized in dividend investments, strongly believes in the dividend futures potential. According to him, "One day, investors will be able to trade dividend futures on every listed equity in the world."

David Lenfant, co-founder of Laffitte Capital, an asset manager focused on absolute return UCITS funds, also welcomes this new launch, "In today's markets our clients are in the search of yield. Euronext dividend derivatives offer our portfolio managers a wider range of investment opportunities on this innovative asset class."

The launch of the Single Stock Dividend Futures is supported by liquidity providers such as BNP Paribas and Societe Generale. Adil El Batji, Head of Delta 1 Europe at BNP Paribas, said, "Euronext's new derivatives offering will provide additional choice for dividend investments." Massimiliano Pignatelli, Head of EquityForward Flow at Societe Generale, added, "We are pleased to be associated as market maker to Euronext's initiative to enter the single stock dividend futures space." Adam Rose, Head of Financial Derivatives at Euronext, said, "This is another great example of several new growth initiatives we are rolling out across the Euronext equity derivatives sector, to broaden the range of products we offer to our diverse client base. We are pleased to be able to launch these new dividend futures with such widespread client support."

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World Federation of Exchanges General Assembly Elects New Chairman, Admits New Members

October 28, 2014

BATS Global Markets, Bahrain Bourse, Euronext and The Nigerian Stock Exchange accepted as members at the 54th Meeting in Seoul.

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World Federation of Exchanges Chief Executive Officer Hüseyin Erkan to Retire

October 27, 2014

The World Federation of Exchanges (WFE), the global trade association of publicly regulated exchanges, today announced that Mr. Hüseyin Erkan, Chief Executive Officer of the WFE, will retire at the end of this month following the 54th General Assembly and Annual Meeting in Seoul, South Korea.

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