Research

The WFE Research team conducts research into areas of relevance for its global membership base, either independently or in conjunction with partners.

Our research is intended to stimulate discussion on the key topics impacting market infrastructures; assist in informing the debate on those issues; and enhance the understanding of the economic and social role of exchanges and CCPs in the economies in which they operate. Our work takes the form of member surveys, briefing notes, and more detailed research reports. 

We have published reports and studies into the rapidly evolving exchange and CCP landscape covering a range of areas including: public policy, technology, SMEs, emerging markets, market structure and sustainability.

Editor's Pick

Full year 2022 Market Highlights report

Published: 17 Mar 2023
WFE publishes the FY 2022 Market Highlights report.
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General, News, News & Views, Research, Research, Research, WFE News

HOW CONFIDENT ARE WE OF MARGIN MODEL PROCYCLICALITY MEASUREMENTS?

Published: 18 May 2023
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General, Reports & Analysis, Research

Full year 2022 Market Highlights report

Published: 17 Mar 2023
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News & Views, Research, WFE News

Centralising bond trading

Published: 20 Dec 2022
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News, News & Views, Research

Call for papers WFE Conference 2023

Published: 09 Nov 2022
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Research, Sustainability

WFE Annual Sustainability Survey 2022

Published: 12 Sep 2022
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News, News & Views, Research

WFE Exchanges Factsheets

Published: 14 Jul 2022
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News, News & Views, Research

US Circuit Breakers

Published: 26 May 2022
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General, Reports & Analysis, Research

Derivatives Report 2021

Published: 28 Apr 2022
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Reports & Analysis, Research

FY 2021 Market Highlights Report

Published: 14 Feb 2022
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Reports & Analysis, Research

H1 2021 Market Highlights Report

Published: 09 Sep 2021
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Research, Sustainability

The WFE's 7th Sustainability Survey 2021

Published: 14 Jul 2021
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General, Research

Derivatives Report 2020

Published: 19 May 2021
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News, News & Views, Research

Circuit breakers and other market safeguards

Published: 01 Apr 2021
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Reports & Analysis, Research

FY 2020 Market Highlights

Published: 19 Feb 2021
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Research, Sustainability

WFE Annual Sustainability Survey 2020

Published: 15 Jul 2020
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General, Research

WFE 2019 Derivatives Report

Published: 26 Jun 2020
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Research, Sustainability

WFE: Sustainability & Commodity Derivatives White Paper

Published: 20 Aug 2019
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Research, Sustainability

WFE Sustainability Survey April 2019

Published: 23 Apr 2019
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General, Research

The Future of Clearing

Published: 02 Apr 2019
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Sustainability

WFE Sustainability Principles

Published: 04 Oct 2018
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Sustainability

WFE ESG Guidance June 2018

Published: 28 Jun 2018
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Sustainability

WFE ESG Revised Metrics June 2018

Published: 27 Jun 2018
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Technology

WFE & McKinsey: Fintech Decoded report

Published: 01 Mar 2018
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Sustainability

WFE Annual Sustainability Survey 2017

Published: 06 Apr 2017
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Technology

WFE Survey on Circuit Breakers

Published: 23 Sep 2016
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Sustainability

WFE Annual Sustainability Survey 2016

Published: 25 Jul 2016
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SMEs

WFE Report on SME Exchanges

Published: 22 Mar 2016
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Recommended Long Reads

Published by: The WFE Research Team

WFE Annual Sustainability Survey 2022

Published: 12 Sep 2022
Read more
Published by: The WFE Research Team

Centralising bond trading

Published: 20 Dec 2022
Read more
Published by: The WFE Team

H1 2022 Market Highlights

Published: 11 Aug 2022
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Published by: The WFE Team

WFE questions Brazilian CVM calibration of equity block-size

Published: 15 Jul 2022
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Our Research Team

Our Research team includes experts from the fields of public policy, economics, econometrics, statistics, and the exchange industry itself. Together they bring more than 30 years of experience to our business, delivering a growing body of research work to support the WFE’s mandate.

  • Dr. Pedro Gurrola-Perez

    Dr. Pedro Gurrola-Perez

    Head of Research
  • Dr. Kaitao Lin, CFA

    Dr. Kaitao Lin, CFA

    Senior Financial Economist
  • Dr. Ishak Demir

    Dr. Ishak Demir

    Economist
  • Dr. Yuxi Chen

    Dr. Yuxi Chen

    Financial Economist