World's Exchange Leaders Meet in Vancouver
World Federation of Exchanges Holds 49th General Assembly and Annual Meeting
"Over the last year, global economic uncertainty created unprecedented challenges and opportunities for exchanges, our stakeholders and policy makers," said Thomas A. Kloet, CEO of TMX Group (http://www.tmx.com/). "TMX Group is very proud to host this important gathering at such a critical time. Open dialogue, the sharing of ideas and the work that takes place at these meetings help shape strategy and policy for the world's top exchange groups."
William J. Brodsky, who is completing the first year of his two-year term as WFE Chairman, said: "The presence of more than 50 exchange leaders at the Assembly demonstrates WFE's increasing leadership role in promoting international cooperation between markets and regulators."
"Important issues will be addressed at this WFE annual meeting, including corporate governance, market structure, and the role exchanges played to stabilize markets during the recent financial crisis,"
Annual Meeting Agenda Topics being reviewed by exchange industry leaders at the Annual Meeting include: - Exchanges' roles in the financial crisis and afterwards: moderated by Mr. Brodsky, with panelists Duncan Niederauer, CEO of NYSE Euronext; Paul Chow, CEO of Hong Kong Exchanges and Clearing; and Ravi Narain, Managing Director and CEO of the National Stock Exchange of India. - Servicing the over-the-counter market: moderated by Bud Haslett, Head of Risk Management, Derivatives and Alternative Investments, CFA Institute; with panelists Andreas Preuss, Deputy CEO of Deutsche Borse AG and CEO of Eurex; Jeffrey Sprecher, CEO of Intercontinental Exchange (ICE); Craig Donohue, CEO of CME Group, and Simon Grensted, Managing Director Business Development, LCH.Clearnet. - Corporate governance: moderated by Mr. Kloet with panelists Atsushi Saito, President and CEO, Tokyo Stock Exchange Group Inc.; Brendan Caldwell, President and Chief Executive Officer, Caldwell Investment Management; and Pierre Bollon, Chief Executive, Association Francaise de la Gestion. - Developing markets: moderated by Huseyin Erkan, Chairman & CEO, Istanbul Stock Exchange, with panelists Paulo de Sousa Oliveria Jr., Chief Business Development Officer BM&FBOVESPA; Schive Chi, Chairman, Taiwan Stock Exchange; Yusli Mohamed Yusoff, CEO, Bursa Malaysia; and Abdullah AlSuweilmy, CEO, Tadawul Saudi Stock Exchange. - Dark pools: moderated by Joseph Gawronski, President/COO, Rosenblatt Securities Inc.; a presentation by Russell Loubser, CEO, Johannesburg Stock Exchange; and a presentation by Professor Robert A. Schwartz of Baruch College, the recipient of the first WFE "Award for Excellence." - Competition for order flow: moderated by Antonio J. Zoido, Chairman BME Spanish Exchanges, with panelists S. Meyer Frucher, Vice Chairman, NASDAQ OMX; Susan Wolburgh Jenah, President and CEO, Investment Industry Regulatory Organization of Canada; and Judith Hardt, Secretary General, Federation of European Securities Exchanges.
The WFE is presenting its first "Award for Excellence" to Baruch College
The keynote speaker is
Press Conference
There will be a press conference at the conclusion of the Meeting on
Media in
New WFE Member Exchanges
The WFE General Assembly approved the membership of Saudi Stock Exchange (Tadawul) and
SROs and Major Clearing Houses Join WFE
Recently two independent Self Regulatory Organizations (SROs), the Financial Industry Regulatory Authority (FINRA) in Washington and the Investment Industry Regulatory Organization of
Focus on Regulation
Regulation continues to be a top priority for WFE exchanges. In a
WFE Elects 2010 Board of Directors
The General Assembly also elected its new Board of Directors for 2010; a list of the new directors is attached.
WFE Annual Meeting 2010
The next WFE Annual Meeting will be hosted by NYSE Euronext in
ABOUT THE WFE: -------------- The World Federation of Exchanges, based in Paris, France, is the trade association of more than 50 publicly regulated stock, futures and options exchanges. WFE conducts research on issues pertinent to its members and holds workshops and conferences around the world. WFE market operators are responsible for the functioning of key components in the financial world. WFE exchanges are home to about 46,000 listed companies (as of 31 July 2009). At the end of June 2009: - The total market capitalization listed companies was approximately USD 40 trillion. - Approximately USD 46.8 trillion in equities were traded on WFE stock exchanges. - More than 5 billion future and option contracts were transparently traded on-exchange, with proper post trade risk management and guarantees. WFE Board of Directors 2010 Chairman William J. Brodsky, Chicago Board Options Exchange Vice Chairman Ronald Arculli, Hong Kong Exchanges and Clearing Chairman of the Working Committee Huseyin Erkan, Istanbul Stock Exchange Americas Gilberto Mifano, BM&FBOVESPA Meyer S. Frucher, Nasdaq OMX Craig Donohue, CME Thomas Kloet, TMX Asia-Pacific Geng Liang, Shanghai Stock Exchange Ravi Narain, National Stock Exchange of India Atsushi Saito, Tokyo Stock Exchange Jung-hwan Lee, Korea Exchange Europe - Middle East - Africa Andreas Preuss, Deutsche Boerse Group Maged Shawky, Egyptian Exchange Russell M. Loubser, JSE Limited Massimo Capuano, London Stock Exchange Group At large Antonio J. Zoido, BME - Spanish Exchanges Duncan Niederauer, NYSE Euronext
For further information: Media Contacts: WFE: Peter Clifford, +33 (0) 1 58 62 54 01, [email protected]; +33 (0) 1 58 62 54 00, Sibel Yilmaz, [email protected]; CBOE: Carol Kennedy, (312) 786-7323, [email protected]; TMX Group: Carolyn Quick, (416) 947-4597, [email protected]; Intermarket Communications: Andrew Yemma, (212) 754-5450, [email protected] or Stephanie DiIorio, (212) 754-5181, [email protected]
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