Global Exchange and Clearinghouse Leaders To Assemble in Busan, S. Korea
BUSAN, S. KOREA (2 May, 2013) –Leaders of the many of the largest exchanges and clearinghouses will assemble 6-7 May for the annual derivatives conference of the World Federation of Exchanges (WFE) and the International Options Market Association (IOMA). The 30th annual meeting will focus on market and regulatory issues currently changing the world’s derivatives landscape.
This year’s sessions will particularly address over-the-counter (OTC) derivatives and regulation in the on-exchange derivatives space. The conference will also provide discussions on the ability of exchanges to generate more value through mergers.
Jorge Alegria, IOMA Chairman and Chief Executive Officer of the Mexican Derivatives Exchange (MexDer), said the speakers and panelists will offer a unique perspective on the derivative space. “Pending regulation of the OTC market is poised to create major changes in the derivatives industry,” Alegria said. “Our conference participants from regulated derivatives exchanges and their associated clearinghouses are eager to discuss their role in this new paradigm to ensure that risk can be properly priced and managed.”
Alegria will welcome the IOMA delegates on Monday, 6 May shortly after a keynote address from Mr. Je-Yoon Shin, Chairman of the Korea Financial Services Commission.
IOMA was founded in 1983 as an association of options markets and clearinghouses around the world. It includes most of the major exchanges trading options on equities, equity indexes, debt instruments, currencies and commodities. Since affiliating with WFE in 2002, IOMA has widened its scope to include futures and commodity trading.
ABOUT THE WFE:
The World Federation of Exchanges is the trade association for the operators of regulated financial exchanges. With 58 members from around the globe, the WFE develops and promotes standards in markets, supporting reform in the regulation of OTC derivatives markets, international cooperation and coordination among regulators. WFE exchanges are home to more than 46,000 listed companies.
· WFE: Sibel Yilmaz, +33 (0) 1 58 62 54 03, firstname.lastname@example.org