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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.

Running to Stay in Place: Listed Derivatives Still Beset by Challenges

Author Name: Nick Ronalds

The news in early April that all former customers of MF Global would soon be returned all the money they were owed turns the page on one of the industry's worst traumas. It was a welcome piece of news to an industry still beset by challenges. Listed derivatives volume was up last year, but only modestly following one of the worst volume declines in decades in 2012.

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WFE Interviews Tim Bennett, CEO, NZX Limited

Author Name: Tim Bennett, CEO, NZX Limited

1. Could you give us a bit of background about your exchange? Creation date, main product(s) traded, few data on market sizing (market cap, volumes) 

NZX is the operator and regulator of securities and derivatives markets and provider of trading, post-trade and data services for securities and derivatives, as well as the provider of a central securities depository. NZX is the only registered securities exchange in New Zealand, and is also an authorised futures exchange. Its wholly owned subsidiary, New Zealand Clearing and Depository Corporation, is the operator of a designated settlement system under Part 5 of the Reserve Bank of New Zealand Act 1989.

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Making our Markets Sustainable: Stock Exchanges Face the Challenge

Author Name: Evan Harvey, NASDAQ OMX

As Environmental, Social, and Corporate Governance (ESG) issues become more prevalent in the capital markets, investors, stakeholders, and regulators are using new data—and greater insight—to drive their decisions. Some stock exchanges play a double role in this trend, simultaneously pushing better ESG practices into their markets and protecting them from immaterial or burdensome regulation. Can an exchange support listed companies and sustainability reporting channels?

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WFE Interviews, Rashed Al Baloushi, CEO, Abu Dhabi Securities Exchange

Author Name: Rashed Al Baloushi, CEO, Abu Dhabi Securities Exchange

1. Could you give us a bit of background about your exchange?

The Abu Dhabi Securities Exchange was established in November 2000 for the trading of securities including shares issues by joint stock companies., bonds, sukuks issued by governments and corporations, as well as ETFs and other financial instruments approved by UAE SCA. Its market capitalisation as at 31 December 2013 was AED 402.2 billion/USD 110.2 billion (an increase of 57% over 2012) and its total turnover was almost AED 85 billion/USD 23.29 billion.

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WFE Interviews Essa Kazim, Chairman of Dubai Financial Market (DFM)

Author Name: Essa Kazim, Chairman of Dubai Financial Market (DFM)

Could you give us a bit of background about your exchange? 

Within a short period of time, Dubai Financial Market (DFM) has fast developed into the leading financial market across the region. Its ongoing efforts and strategic initiatives have further reinforced Dubai's position as a dynamic capital markets hub. DFM has always played a pivotal role in developing the financial markets sector in the region through enormous innovations and electronic services utilizing the most advanced technology.

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WFE Launches Sustainability Working Group

March 25, 2014

The World Federation of Exchanges (WFE) has formed a new sustainability working group at its Working Committee meeting in Mumbai last week. The new Sustainability Working Group is comprised of representatives from a diverse array of global stock exchanges with a mandate to build consensus on the purpose, practicality, and materiality of Environmental, Social, and Governance (ESG) data.

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