The World Federation of Exchanges opens applications for its 2026 Market Infrastructure Certificate Programme

 

PRESS RELEASE

The World Federation of Exchanges opens applications for its 2026 Market Infrastructure Certificate Programme

London, 22 December 2025 - The World Federation of Exchanges (“The WFE”), the global industry group for exchanges and CCPs, has opened applications for its 2026 Market Infrastructure Certificate (MIC) programme. 

The MIC is designed to develop the next generation of financial services leaders who work with the institutions that underpin global public markets including exchanges, clearing and settlement organisations, central counterparties, payment systems, and central securities depositories. The qualification is relevant to all professionals working and interacting with public markets, from central banks, buy-side and sell-side firms, exchanges, clearing houses and regulatory bodies.

The programme supports the students to enhance their business network and form valuable connections with their peers and other industry professionals on the course. Our alumni come from a range of geographies, organisations and roles, working in diverse areas from Risk, to Product, Cyber, Sustainability, Communications and many more. 

The programme is delivered in partnership with Bayes Business School (formerly Cass), which is part of City, University of London. It is at the same level as an MSc (i.e., Higher Education Level 7 in the UK). MIC candidates who successfully complete the programme will be awarded a postgraduate certificate, the Market Infrastructure Certificate, and receive 60 credits from Bayes Business School, City University of London.

The programme focuses both on the theoretical and practical aspects of market infrastructures (MIs) and features both an online and residential component. The online component includes recorded sessions which participants can access at any time and a series of live interactive webinars. The residential component comprises a residential academic week in London and an industry practitioner week, with sessions run by the leaders of the market infrastructure space, which will be hosted by Cboe, in Chicago, USA. 

The programme begins on 1st September 2026, with the London residential week running from 21st-25th September 2026, and the Chicago residential week running from 26th-30th October 2026. Teaching will complete on 4th December 2026 and final projects will be submitted in January 2027.

On successful completion of the programme candidates will have:

•    Developed a broader and deeper knowledge of how MIs operate, their interrelations, their regulatory environment, and their role in achieving financial stability and supporting sustainable and inclusive economic growth.

•    An updated knowledge of the current best practices in MIs.

•    A deeper understanding of how different risks are managed by each MI.

•    Assessed the implications of recent financial and technological innovations.

•    Studied the role of ESG and ethics in the working of modern MIs.

Nandini Sukumar, CEO of The WFE, said, “We developed the Market Infrastructure Certificate to meet the learning needs of professionals who want to gain valuable insights on the key issues shaping our industry. Our growing alumni base represents the next generation of industry leaders who have chosen to deepen their understanding into the processes, infrastructure, and stakeholders that underpin the financial ecosystem.”   

Please click here to go to the MIC page on our website which contains all details including the application, course dates and fees. Applications are reviewed on a first come first served basis and will close once the course intake limit is filled.

For more on the WFE’s educational programmes, see here.

About the World Federation of Exchanges (WFE):

Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents the providers of over 250 pieces of market infrastructure, including standalone CCPs that are not part of exchange groups. Of our members, 37% are in Asia Pacific, 43% in EMEA and 20% in the Americas region. The WFE’s 87 member CCPs and clearing services collectively ensure that risk takers post some USD 1.1 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. The exchanges covered by WFE data are home to over 49,054 listed companies, and the market capitalization of these entities is over USD116.58tr; around USD155tr in trading annually passes through WFE members (at end-2024).

The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free statistics database stretches back 50 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.

With extensive experience of developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. We seek outcomes that maximise the common good, consumer confidence and economic growth. And we engage with policy makers and regulators in an open, collaborative way, reflecting the central, public role that exchanges and CCPs play in a globally integrated financial system.

Website: www.world-exchanges.org

Twitter: @TheWFE

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