WFE Commends the TSE and EGX for Maintaining Operation During Extreme Circumstances in 2011
World Federation of Exchanges Commends the Tokyo Stock Exchange and The Egyptian Exchange for Maintaining Operation During Extreme Circumstances in 2011
Johannesburg (13 October 2011) – The World Federation of Exchanges (WFE) at its 51st General Assembly and Annual Meeting in Johannesburg commended the Tokyo Stock Exchange and The Egyptian Exchange for their markets’ efforts to remain operational during the turbulence affecting both countries in 2011. WFE saluted the Tokyo Stock Exchange and The Egyptian Exchange for observing scheduled trading sessions and representing the strength of their respective countries in the face of adversity. Their understanding of the important role of international markets in an environment where cross-border trading has become ubiquitous tracks closely with the mission of the WFE to bring the world’s regulated exchanges together in order to improve the quality of markets.
Ronald Arculli, WFE Chairman and Chairman of Hong Kong Exchanges and Clearing, expressed the sentiment shared by all WFE members, recognizing the competence of the Tokyo Stock Exchange and The Egyptian Exchange to at once sympathize with their fellow countrymen and still execute their expected responsibility to provide opportunities in trading for investors.
ABOUT THE WFE:
The World Federation of Exchanges is the trade association for the operators of regulated financial exchanges. With 54 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.