WFE and the IOMA Assemble Exchange and Clearinghouse Leaders in India to Discuss Regulatory Reforms and Exchange Consolidation

WFE and the IOMA Assemble Exchange and Clearinghouse Leaders in India to Discuss Regulatory Reforms and Exchange Consolidation

 

MUMBAI (26 April, 2011) – Leaders of the derivatives exchanges and clearinghouse members of the World Federation of Exchanges (WFE) will assemble 1-4 May for the 28th annual International Options Market Association (IOMA) meeting, which will focus on regulatory initiatives affecting clearing standards and over-the-counter derivatives, trends in market liquidity and exchange consolidation. The meeting takes place following one of the most successful years for trading on exchanges.  According to the annual survey by WFE the options and futures traded on exchanges globally increased by 25%.   

Ravi Narain, IOMA Chairman and Managing Director and Chief Executive Officer of National Stock Exchange of India (NSE India), emphasized the importance of this year’s agenda.  “Regulators around the world have been approving measures to encourage centralized clearing of many over-the-counter (OTC) derivatives products, which is important action for our sector. Many of those policies have not yet been implemented, and in some cases are being resisted. At this year’s conference, we hope to continue the conversation and facilitate discussion regarding the anticipated impacts of current regulatory reforms.” 

“IOMA supports the efforts of the WFE and looks forward to promoting open discussion on trends in the exchange traded futures and options markets,” said Jorge Alegria, Chief Executive Officer of MexDer, the Mexican Derivatives Exchange and IOMA Vice Chairman, who will lead IOMA’s network of senior executives from the options and futures exchanges for the next two years. 

Narain and Alegria will welcome the IOMA delegates on Monday, 2 May shortly after a keynote address from Mr. M. S. Sahoo, Whole-time Member, Securities & Exchange Board of India (SEBI). Sessions will focus on recent innovations on futures and options exchanges, the global risk transfer market, clearing and exchange consolidation and an additional keynote address from Subir Gokarn the Deputy Governor of the Reserve Bank of India.

 More on 2011 IOMA conference

 ABOUT IOMA:

IOMA was founded in 1983 as an association of futures and 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  became the derivatives network for WFE. 

 ABOUT THE WFE:

The World Federation of Exchanges is the trade association for the operators of regulated financial exchanges. With 52 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 45,000 listed companies.

 ABOUT NSE:

The National Stock Exchange (NSE) operates a nation-wide, electronic market, offering trading in Capital Market, Derivatives Market and Currency Derivatives segments including equities, ETFs, Retail Government Securities etc. It accounts for nearly 74% in Equity market and more than 98% market share in equity derivatives segment. Today NSE network stretches to more than 1,500 locations in the country and supports more than 2, 30,000 terminals.

 Media Contacts:

·         WFE/IOMA: Sibel Yilmaz, +33 (0) 1 58 62 54 00, syilmaz@world-exchanges.org     

·         Intermarket Communications: Andrew Yemma, 212-754-5450, ayemma@intermarket.com 754-5438, ASchmidt@intermarket.com or Ashley Schmidt, 212-

·         NSE: Hari Kothandaraman, + 91 989 231 7377, harik@nse.co.in

 

Report Date: 
Tue, 04/26/2011