Introduction

About The World Federation of Exchanges

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, 37% are in Asia-Pacific, 43% in EMEA and 20% in the Americas. WFE’s 57 member CCPs collectively ensure that risk takers post some $1 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. WFE exchanges are home to 59,400 listed companies, and the market capitalization of these entities is over $122.94 trillion; around $162.04 trillion (EOB) in trading annually passes through WFE members (at end 2021).

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 Malta Stock Exchange

The Malta Stock Exchange (“MSE”) commenced operations in 1992 and utilises the T7 Xetra trading platform. In 1999, the exchange moved to its current premises at Garrison Chapel in Castille Square. Built in 1857, it is one of Malta’s most iconic buildings situated adjacent to the Upper Barrakka Gardens in the heart of the nation’s capital.

The MSE’s main market is the Regulated Main Market which lists regulated bonds, equities, ETFs and funds most of which are locally domiciled companies. The Institutional Financial Securities Market (IFSM) is also a regulated venue geared towards listing wholesale asset backed securities and derivatives. The exchange also operates the Prospects MTF servicing local and foreign SMEs. The Malta Stock Exchange PLC lists over 100 local corporate entities.

The exchange operates its own CSD offering dematerialisation, clearing, settlement and registrar services. The MSE is also Malta's national numbering agency, issuing ISINs in respect of all securities issued in Malta.

As for the Groups subsidiaries, MSX Ltd is its payments solution provider and MDX Ltd offers digital asset and blockchain-enabled solutions. Lastly, the Malta Stock Exchange Institute offers up to 70 courses a year to professional and retail clients, and manages various educational oriented programmes.