The World Federation of Exchanges Opens Registration for its 2024 Market Infrastructure Certificate Program
London, 11 January 2024 – The World Federation of Exchanges (“The WFE”), the global industry group for exchanges and CCPs, today opened registration for its 2024 Market Infrastructure Certificate (MIC) programme, following the success of its inaugural year. The programme is the first and only one of its kind, which aims to educate the next generation of financial services leaders around the world.
The MIC was created to help those that need to engage with, and understand, the functioning and role of the organisations that underpin public markets such as exchanges, clearing and settlement organisations, central counterparties, payment systems, and central securities depositories.
Along with its university educational partner, Bayes Business School (formerly Cass), and part of City, University of London, the WFE expects the MIC to serve the learning needs of all senior managers and mid-career professionals.
As we have seen, MIC alumni come from a range of backgrounds, geographies and organisations. 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 also supports its candidates to enhance their business network and form valuable connections through their peers and other industry professionals they interact with as part of the course.
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 MIC is at the same level as an MSc (i.e., Higher Education Level 7 in the UK). These qualifications are essential for those looking to improve their skills and develop both their career and CV.
The programme focuses equally on both the theoretical and on the practical aspects of market infrastructures (MIs) and features an online and a residential component.
The online component includes recorded sessions which participants can access at a time convenient to them and a series of live interactive webinars. The residential component consists of a residential academic week in London and an industry practitioner week which will be hosted by Cboe, in Chicago, USA.
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 commented: “The WFE has utilised its unique position in the exchange and CCP universe to produce a timely programme covering the issues that industry professionals crave a deeper understanding of. Following the success of the 2023 programme, we look forward to welcoming our next cohort of MIC candidates who are seeking to progress their careers and educate themselves on the market infrastructures that global financial systems rely on.”
Please click here to go to the MIC page on our website which contains all details including application, course dates and fees. Applications will remain open until the course intake limit is filled.
For more information, please contact:
+44 7391 204 007
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 over 250 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 34% are in Asia-Pacific, 45% in EMEA and 21% in the Americas. WFE’s 90 member CCPs and clearing services collectively ensure that risk takers post some $1.3 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. WFE exchanges, together with other exchanges feeding into our database, are home to over 50,000 listed companies, and the market capitalisation of these entities is over $100 trillion; around $140 trillion (EOB) in trading annually passes through WFE members (at end 2022).
The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free 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.
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.