The World Federation of Exchanges
Recent meetings
| Date | Commissioner / Cabinet | Topic | File |
|---|---|---|---|
| 22 Oct 2019 | Andrea Beltramello Cabinet member | MIFID II | — |
| 22 Oct 2019 | Andrea Beltramello Cabinet member | MIFID II | SRC |
Mission & Goals
The World Federation of Exchanges (WFE) is the global trade association for regulated exchanges (securities and derivatives) and clearing houses. We represent the operators of >250 market infrastructures, around the world (45% in EMEA) -- everything from local entities in emerging markets to international groups based in major financial centres. In total, member exchanges trade over $100 trillion a year and are home to some 50,000 companies, with aggregate market capitalisation of ~$100 trillion. The 90 central counterparty (CCP) clearing services (whether vertically integrated or stand-alone) collectively ensure that traders put up $1tr+ of resources to back their risk positions. With extensive experience of developing and enforcing high standards of conduct, WFE members support an orderly, secure, fair and transparent environment for all sorts of investors and companies wishing to invest, raise capital and manage financial risk.
EU Legislative Interests
Capital Markets Union Equivalence measures CCPs (eg, EMIR) The Benchmarks Regulation Markets in Financial Instruments Directive / Regulation DORA ESAs review Capital rules (CRD/CRR) Tax measures (transaction tax; digital sales) ETFs Files on sustainable finance Files on listings
Communication Activities
Advocacy Papers and responses to public consultations released by EU institutions and ESAs. Note that WFE’s predisposition is to global issues. WFE will generally only consider EU initiatives in the context of international/global implications.
Interests Represented
Promotes their own interests or the collective interests of their members
Member Of
IOSCO Affiliate Members Consultative Committee: https://www.iosco.org/about/?subsection=display_committee&cmtid=2
Organisation Members
http://www.world-exchanges.org/home/index.php/members/wfe-members
Additional Information
WFE’s main focus is on global issues. We do consider EU initiatives that are crucial to members, including where they involve cross-border recognition, or where they have global ramifications.