BSX Joins World Federation Of Exchanges Board
The Bermuda Stock Exchange [BSX] has been appointed to the Board of Directors of the World Federation of Exchanges [WFE], the global association that represents more than 200 market infrastructure providers including exchanges and central counterparty clearing houses [CCPs].
The position means that BSX President and CEO Greg Wojciechowski, will be working on the WFE Board of Directors alongside 16 other Chairmen and CEOs from exchanges and CCPs from around the world including: Nasdaq, Deutsche Boerse and Hong Kong Exchanges and Clearing.
BSX’s three-year appointment, which takes immediate effective, was confirmed at the 56th WFE General Assembly & Annual Meeting in Cartagena, Colombia earlier in November.
Upon making the announcement, Mr. Wojciechowski stated: “On behalf of the Bermuda Stock Exchange I am honoured and humbled by this prestigious appointment. The WFE’s advocacy role and mandate is a critical one, and we are proud to be able to provide our input on some of the issues and challenges facing the global exchange environment.
“The BSX has been a full member of the WFE since 1999, and this development is a testament not only to the hard work of the entire BSX team, but also to the developing domestic capital market that is evolving around the Exchange. It is very encouraging that a smaller exchange such as ours is such an integral part of that global mandate.”
Ms. Nandini Sukumar, CEO, WFE said: “The WFE is delighted to welcome the Bermuda Stock Exchange, and its representative Greg Wojciechowski, to the WFE Board of Directors. It is vital to our ongoing advocacy mandate that we represent the voices of global FMIs of all sizes, which is why it is particularly exciting to have the BSX on the Board.
“As a smaller, highly nimble exchange, the BSX will be able to offer the WFE a unique perspective when we debate key issues impacting the market structure industry.”
The WFE was established in 1961, and is the global industry association for exchanges and clearing houses. It promotes the development of fair, efficient and transparent markets, working with global policy makers and regulators such as the FSB, IOSCO and BCBS to support the development of effective rules and standards for exchanges and market participants.
As such, the WFE is the global voice for the global of FMI industry, representing a diverse set of exchanges whose missions are to ensure the efficient operation of resilient market platforms, while contributing to the development of their local economies.
The WFE Board is a truly global community with representatives from India, Switzerland, Columbia, Korea, Shanghai, Japan, Thailand, Germany, Johannesburg, Qatar, Mauritius, Brazil, Hong Kong and the United States.
