Athens, 3 October 2018 – At the 58th General Assembly in Athens today, the World Federation of Exchanges ("WFE"), the global industry group for exchanges and CCPs, admitted six new members taking the total number of full members to 70, an historic high. With six members joining since the last General Assembly in 2017, the WFE now represents more than 200 market infrastructure providers.
The new members are:
- London Stock Exchange Group: a diversified international market infrastructure and capital markets business operating a broad range of equity, bond and derivatives markets (approved as a full member at today's 58th WFE General Assembly).
- Boursa Kuwait: a private entity established to manage the Kuwait stock market (approved as a full member at today's 58th WFE General Assembly).
- Multi Commodity Exchange of India (MCX): a commodity derivatives exchange that facilitates online trading, and clearing and settlement of commodity derivatives transactions (approved as a full member at today's 58th WFE General Assembly).
- Tunis Stock Exchange: responsible for managing the Tunisian transferrable securities market (approved as a full member at the WFE's June 2018 Board meeting).
- China Securities Depository and Clearing Corporation (CSDC): a securities registration, clearing and settlement business (approved as a full member at the WFE's January 2018 Board meeting).
- Nairobi Securities Exchange: an equity and debt securities provider (approved as a full member at the WFE's January 2018 Board meeting).
Nandini Sukumar, CEO, WFE said: "Members are the lifeblood of any trade association, and our new members demonstrate the truly global breadth and multi-asset class depth of today's WFE. We are proud to represent such a diverse range of organisations, and with full members now standing at 70 - the greatest number in the federation's 57-year history – our role as the voice of the global market infrastructure industry has never been more important.
"Moreover, with our ever-growing mandate and membership base, we look forward to championing the causes that matter to our members, focusing on business-critical topics including CCP-related capital issues, sustainability, emerging markets, market integrity, regulatory coherence, SMEs, cyber resilience and FinTech."
Tags: general assembly