WFE representatives are holding their working committee meeting at NASDAQ MarketSite in Times Square. Magnus Bocker, President, NASDAQ OMX Group, Inc. is hosting a group of exchanges at the NASDAQ Closing Bell ceremony following the meeting.
About the World Federation of Exchanges:
The World Federation of Exchanges is the trade organization for regulated securities and derivative markets, settlement institutions and related clearing houses, and their diverse services to capital markets.
The Federation is a private international association comprised of the operators of the world's leading regulated markets, which are committed to the highest levels of operating quality. It provides a forum for communication, analysis and debate among members. Its purpose is to facilitate the representation, development of organized and regulated markets, and to meet the needs of evolving capital markets in the best interest of their users.
Membership of the World Federation of Exchanges is a criterion for many national regulators and asset management institutions to allow privileged access for investment. Membership of the World Federation of Exchanges identifies an exchange as having assumed the commitment to prescribed business standards, recognized as such by members, owners, and users of exchanges, as well as by regulators and supervisory bodies.
Sharing of business experience and knowledge among members is critical to the development of the industry, even as financial market operators offer services in an increasingly competitive environment.
The World Federation of Exchanges is a central reference point for the securities industry, and for exchanges themselves. It offers member guidance in their business strategies, and in the improvement and harmonization of their management practices. The Federation also works with public authorities, and helps promote informed use of markets.
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