The World Federation of Exchanges
Established in 1961, the WFE is the global industry association for exchanges and clearing houses. The WFE is a private company limited by guarantee established in the UK under the Companies Act 2006 and operates as a non-profit organisation. Headquartered in London, it represents over 200 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 41 percent are in the Asia-Pacific region, 40 percent in EMEA and 19 percent in the Americas. WFE exchanges are home to nearly 45,000 listed companies, and the market capitalisation of these entities is over $67.9 trillion; furthermore, around $84.18 trillion (EOB) in trading annually passes through the infrastructures WFE members safeguard (at end 2016).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 works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system, which is critical to enhancing investor and consumer confidence, and promoting economic growth.
Since its foundation 57 years ago, the WFE has organised committees, meetings, general assemblies, conferences, and workshops for its members to transfer knowledge and share expertise. As an industry trade organisation, the WFE has discussed virtually every aspect of the capital market: the technical, the commercial, the legal and the economic. In the past five and a half decades we have published studies and reports on issues such as self-regulation, cross border trading, HFT, cyber security, sustainability and many others besides.
Vision and Mission
The WFE’s vision and mission can be summarised as follows:
- To advocate on behalf of the global exchange sector and to work with global regulators to establish standards for the proper functioning of publicly regulated securities markets
- To remain / become the institutional reference source for best practice in the global securities and exchange industry
- To support this role by the continuing and regular publication of research, studies and definitive capital market statistics
- To support the development of publicly regulated exchanges in Emerging Market by pooling and sharing knowledge, expertise and best practice
- The WFE will always act to ensure and further the respect of international corporate governance and market compliance standards as set out by global regulators and standard-setters, such as IOSCO, the Basel Committee on Banking Supervision and the Financial Stability Board
- To support member exchanges in the vital role of promoting sustainable finance values in the wider corporate sector
- To help exchanges stay focused on their core social and economic role of channelling savings into productive investment
- Supporting the industry as it constantly adapts an evolving and fast-changing global market environment
See also our related section: Introduction