The World Federation of Exchanges
The World Federation of Exchanges is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 200 market infrastructure providers, including standalone CCPs that are not part of exchange groups.
Our member exchanges are home to more than 45,000 listed companies, while our widely used statistics database covers more than 350 indicators and more than 40 years of data from exchanges worldwide. Our members provide a significant contribution to the real economy, representing a total market capitalisation of USD 62.7 trillion and a total trading value of USD 110.7 trillion, a value which is over 67.7% of world GDP. The WFE promotes the development of fair, efficient and transparent markets. It works with policy makers, regulators and standard-setters around the world to support the development of effective rules and standards for exchanges and market participants.
Since its foundation 55 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 four 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