The World Federation of Exchanges Opens Registration for Market Infrastructure Certificate Program
London, 4 July – The World Federation of Exchanges (“The WFE”), the global industry group for exchanges and CCPs, today opened registration for the new Market Infrastructure Certificate programme, the first and only one of its kind, which aims to educate the next generation of financial services leaders globally.
The World Federation of Exchanges Market Infrastructure Certificate (MIC) programme is a new qualification created to help anyone who needs to engage with, and understand, the functioning and role of the organisations that underpin public markets.
The WFE expects that the MIC will serve the learning needs of all senior managers and mid-career professionals at central banks, buy-side and sell-side firms, exchanges, clearing houses and regulatory bodies.
Participants 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), but is shorter and does not require the completion of a research project or dissertation. 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). It features two components: an online and a residential component.
The online component will include recorded sessions which participants can access at a time that suits them and a series of live webinars which will be highly interactive.
The residential component consists of a residential academic week in London and an industry residential week which this year will be hosted by the Cboe, in Chicago, USA. Founded in 1973, Cboe has played a pivotal role in shaping the options market and is located in the heart of Chicago’s financial district.
On successful completion of the programme, students will have:
Developed a broader and deeper knowledge of how market infrastructures operate, their interrelations, their regulatory environment, and their role in achieving financial stability and supporting sustainable and inclusive economic growth.
Updated knowledge of the current best practices in MIs.
A deeper understanding of how different risks are managed by each market infrastructure.
Assessed the implications of recent financial and technological innovations.
Studied the role of ESG and ethics in the working of modern MIs.
Please click here to go to the MIC website which contains all details including application, course dates and fees.
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 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 91 member CCPs 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. The exchanges covered by the WFE’s data are home to 57,656 listed companies, and the market capitalization of these entities is over $101.17 trillion; around $146.29 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.
For more information, please contact:
Charlotte Wilson, Streets Consulting
Email: [email protected]
Tel: 020 7959 2235