World Federation of Exchanges members approve headquarters move to London

World Federation of Exchanges members approve headquarters move to London
at the 53rd WFE General Assembly in Mexico City
(29 October 2013, mexico City) - Today, at the WFE General Assembly in Mexico City, the WFE delegates have made a landmark decision to approve moving the WFE’s headquarters from Paris to London.  The move to London will be envisaged by the end of 2013.
“Moving the WFE headquarters to London will place WFE in closer proximity to a wider universe of our members and their customers”, said Andreas Preuss, Chairman of the WFE Board of Directors.    ”This will underpin our strong commitment to maintaining an on-going dialogue with these key constituencies.” 

“Our ultimate goal is to transform WFE into a more outward looking organization actively engaged with the financial industry,” said Hüseyin Erkan, CEO of the WFE.  “The WFE’s presence in London will place us in close proximity to many of our members’ operations, as well as to the global financial media, and will facilitate our interactions with the major sell-side and buy-side of the markets as well as other stakeholders of our industry.”  


Chairmen and Chief Executives from more than 50 of the world’s leading exchanges are gathered in Mexico City this week for the 53rd WFE General Assembly and Annual Meeting. The Annual Assembly represents the largest and most widely attended gathering of global exchange leaders. 


Award for Excellence

This year’s “WFE Award for Excellence” was presented to Professor Robert C. Merton, MIT Sloan School of Management, and Professor Myron Scholes, Stanford Graduate School of Business and the late Fischer Black, former Director of the Quantitative Strategies Group at Goldman Sachs, in recognition of their development of the groundbreaking Black-Scholes Model in 1973. Professor Merton will accept the award in person at a ceremony during the Annual Meeting.


New WFE Member Exchanges 

The WFE General Assembly approved the membership of Dubai Financial Markets, Hochiminh Stock Exchange, Kazakhstan Stock Exchange, New Zealand Stock Exchange, and Qatar Exchange. Together with these new members, WFE membership includes 62 regulated exchanges. 


WFE Elects 2014 Board of Directors

The General Assembly also elected its new Board of Directors for 2014.  A list of the new directors is included below.


WFE Annual Meeting 2014

The next WFE Annual Meeting will be hosted by the Korea Exchange in Seoul. 



The World Federation of Exchanges is the trade association for the operators of regulated financial exchanges.  With 62 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.


Media Contacts:


WFE Board of Directors 2014
Andreas Preuss, Deutsche Börse AG
Vice Chairman 
Thomas Kloet, TMX Group
Chairman of the Working Committee   
Ravi Narain, National Stock Exchange of India
Edemir Pinto, BM&FBOVESPA,
Phupinder Gill, CME Group,
William J. Brodsky, CBOE Holdings
Luiz Tellez, Bolsa Mexicana de Valores,
Chow Chung Kong, Hong Kong Exchanges and Clearing
Gui Minjie, Shanghai Stock Exchange
Atsushi Saito, Japan Exchange Group
Kyungsoo Choi, Chairman & CEO, Korea Exchange
Europe - Middle East - Africa 
Tony Weeresinghe, London Stock Exchange Group
Nicky Newton-King, Johannesburg Stock Exchange
Ibrahim M. Turhan, Borsa Istanbul
Urs Rüegsegger, SIX Swiss Exchange
At large                                                                                
Duncan Niederauer, NYSE Euronext
Meyer S. Frucher, Nasdaq OMX



Report Date: 
Tue, 10/29/2013