NO 247 – SEPTEMBER 2013

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WFE Focus
Developments in ESG and T-bond futures in China
Peter Clifford
Chief Operating Officer,
WFE

The WFE continues its tradition of following developments concerning disclosure practices for listed companies based on environmental, social and (corporate) governance criteria – also known as ESG.

Doug Morrow, of Corporate Knights, updates their latest survey of practices on exchanges around the world. This cross market comparison yields significant insight to the pace of change, uptake from listed companies and challenges for the future.

Another kind of development is addressed in new product introductions. The advent of T-bond futures in China is the occasion for Nick Ronalds of ASIFMA to update investors on the history of bond trading, and the characteristic of the Chinese market.

Another chapter in our interview with CEOs features the President and CEO of the Philippine Stock Exchange. Hans. Sicat lays out the exchanges’ strategy with regard to new technology (PSETrade, PSE Edge, ...), new products (ETFs), and the exchange’s strategy in optimizing its services to a fast growing economy (7.6% for the first half of 2013.)

For readers following the developments of the WFE Annual Meeting on 29 – 30 October 2013, the most up-to-date program is found on the WFE website at http://www.wfemexico2013.com/index.php

The next WFE – MIT Exchange Technology Workshop is scheduled for 3 – 6 December on the campus of the Massachusetts Institute of Technology campus in Boston. A draft program is now available from the WFE office. Themes will include updates on cyber crime and (separate topic) high frequency trading. A number of MIT professors are scheduled to present various new products and theories straight from the MIB labs, research centers and classrooms.