The WFE's Annual Meeting
The World Federation of Exchanges, hosted by the Bermuda Stock Exchange, is pleased to announce the WFE's Annual Meeting, 19-21 September 2023.
The Annual Meeting is an invitation-only event, where leaders of global exchanges, regulatory authorities, the buy-side, industry experts from academia and the media gather together for in-depth discussion on major issues surrounding the exchange industry.
Since its foundation, the WFE has organised committees, meetings, general assemblies, conferences, and workshops for its members to transfer knowledge and share expertise. As an industry trade organisation, the WFE has discussed virtually every aspect of the capital market: the technical, the commercial, the legal and the economic. In the past four decades we have published studies and reports on issues such as CCP recovery & resolution, business continuity, self-regulation, cross border trading, HFT, sustainability, SMEs and cyber security.
About The 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.
About BSX & MIAX
About BSX
The Bermuda Stock Exchange (BSX), a wholly owned subsidiary of Miami International Holdings, Inc., is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organised in 1971. BSX specialises in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities. BSX is a full member of the World Federation of Exchanges and holds a seat on its Board of Directors. BSX is also an affiliate member of International Organization of Securities Commissions (IOSCO).
To learn more about BSX visit www.bsx.com
About MIAX
MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™), LedgerX LLC (LedgerX), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading). To learn more about MIAX visit www.miaxglobal.com.
MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that are enabled by MIAX’s in-house built, proprietary technology. MIAX offers trading of options on all three exchanges as well as cash equities through MIAX Pearl Equities™. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism.
MGEX and LedgerX are registered exchanges with the Commodity Futures Trading Commission (CFTC) and operate Designated Contract Markets and Derivatives Clearing Organizations (DCO) under the CFTC. LedgerX is also registered as a Swap Execution Facility (SEF) with the CFTC. To learn more about MGEX visit www.mgex.com. To learn more about LedgerX visit www.ledgerx.com.
Dorman Trading is a full-service Futures Commission Merchant registered with the CFTC. To learn more about Dorman Trading visit www.dormantrading.com.
Speakers
Nandini Sukumar
Chief Executive Officer, The World Federation of Exchanges
Nandini Sukumar is the Chief Executive Officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership. Of its members, 35% are in Asia-Pacific, 45% in EMEA and 20% in the Americas. WFE exchanges are home to 47,919 listed companies, and the market capitalisation of these entities is over $109 trillion; around $137 trillion (EOB) in trading annually passes through WFE members (at end 2020). WFE’s 57 member CCPs collectively ensure that risk takers post some $800bn (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. Ms. Sukumar is Vice Chair of IOSCO’s Affiliate Members Consultative Committee and Chair of the AMCC’s Sustainability Taskforce.
Gregory A. Wojciechowski
President & Chief Executive Officer, Bermuda Stock Exchange (BSX)
Greg Wojciechowski is President and Chief Executive Officer of the Bermuda Stock Exchange (BSX). He is also, the Chairman of the Financial Intelligence Agency in Bermuda, sits on the Board of Directors of the World Federation of Exchanges (WFE) and the Bermuda Business Development Agency (BDA) and is a member and past-Chairman of the ILS Bermuda Ltd Steering Committee.
Prior to assuming the role of President and CEO in January 2002, Mr. Wojciechowski was the Exchange’s Chief Operating Officer. In this capacity, he was responsible for the development of the Exchange’s regulatory and operational infrastructure as well as the day-to-day running of the Exchange.
Prior to joining BSX in 1993, Mr. Wojciechowski, over a period of several years, held management positions at three large US brokerage firms. During this time his attention was focused on brokerage administration and operations in the global equity and fixed income capital markets.
Mr. Wojciechowski received a Bachelor of Arts degree from the University of North Carolina at Charlotte. He studied International Business at The University of Copenhagen under Denmark’s International Studies Program and French and International Relations at the Universite D’Aix-Marseille (Institut Pour Etudiants Etrangers) in Aix-en-Provence France. In 1998, Mr. Wojciechowski attended and completed the Young Managers Programme at INSEAD in Fontainebleau, France.