BSX To Host World Federation Meeting
The World Federation of Exchanges [WFE] announced that the Bermuda Stock Exchange [BSX] will host the industry’s General Assembly & Annual Meeting in 2023.
The statement from the organisation said, “The World Federation of Exchanges [WFE], the global industry group for exchanges and CCPs, is pleased to announce The Bermuda Stock Exchange [BSX] will host the industry’s General Assembly & Annual Meeting in 2023.
“The meeting, now in its 62nd year, gathers the leaders of exchanges and central counterparties around the world to think, engage, listen and speak to stakeholders. It is by invitation-only and the largest and most important gathering of market infrastructure leaders. BSX, which became a WFE member in 1999, has been a WFE Board member since 2016.
Greg Wojciechowski, Chief Executive Officer of BSX said: “BSX is honoured to have been chosen to host the 2023 General Assembly of the World Federation of Exchanges in Bermuda. The WFE General Assembly and Annual Meeting is an important meeting for our industry and will be an excellent opportunity to showcase Bermuda’s strength in financial services. The BSX team and Bermuda look forward to welcoming the WFE delegation in September 2023.”
Nandini Sukumar, Chief Executive Officer of the WFE said: “This is the first time in WFE history that our global membership delegation from over 90 countries and nationalities will have the opportunity to attend a WFE meeting in Bermuda. The exchange is at the centre of Bermuda’s capital market and is the global leader in the listing of insurance linked securities.”
Established in 1961, the WFE is described as “the global industry association for exchanges and clearing houses. Headquartered in London, it represents around 300 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).”
