London, 5 September 2016 – The World Federation of Exchanges ("WFE"), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published its response to the European Securities and Markets Authority's ("ESMA") Discussion Paper on Distributed Ledger Technology ("DLT").

Highlights of the response are as follows:

Nandini Sukumar, CEO, WFE, said: "As an industry, financial market infrastructures are studying DLT and its potential benefits to the capital markets. As the global industry association for exchanges, CCPs and CSDs, the WFE will seek to devote significant time and attention to forging consensus amongst its members on DLT-related issues, specifically formulating guidelines, codes of conducts and industry best practice as use cases and issues emerge. There is still much to come in this space."

Gavin Hill, Head of Regulatory Affairs, WFE, added: "Markets are dynamic and continue to innovate. Developments in this space should continue to be market-led and not unnecessarily hampered. However, it is important that stakeholders continue to engage, and as such, the WFE will endeavour to facilitate an open dialogue between regulators and its membership regarding the evolution of the technology, and the sharing of information and best practice."

Click here to read the WFE response in full.

You can also access the WFE's Financial Market Infrastructures & DLT survey report from 25 August 2016 here.

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About the World Federation of Exchanges (WFE):

Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 200 market infrastructure providers, including standalone CCPs that are not part of exchange groups.The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its statistics database stretches back more than 40 years, and provides information and insight into developments on global exchanges.

The WFE's post-trade mandate is one of the four pillars of its work, and is led by its working group of technical experts from CCPs globally (the WFE's PTWG). The WFE fulfils its mandate through a combination of policy responses to global regulatory organisations such as IOSCO, BCBS and the Financial Stability Board, and through educational services and capacity building for its members, many of whom come from smaller, emerging markets as well as the world's largest CCPs and exchanges.In addition, one of WFE's two annual conferences, the IOMA conference in Spring each year, is devoted to post-trade issues.

WFE exchanges are home to nearly 45,000 listed companies.The WFE promotes the development of fair, efficient and transparent markets. It works with policy makers, regulators and standard-setters around the world to support the development of effective rules and standards for exchanges and market participants. For more information, please visit: www.world-exchanges.org

For more information, please contact:

World Federation of Exchanges

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Phone: +44 20 7151 4150

Twitter:@WFE