NO 249 – NOVEMBER 2013

WFE Focus

On 29 October 2013, at the WFE’s General Assembly in Mexico City, the WFE delegates have made a landmark decision to approve moving the WFE’s headquarter from Paris to London. The move to London will be envisaged by the end of 2013.

“Moving the WFE headquarter to London will place WFE in closer proximity to a wider universe of our members and their customers”, said Andreas Preuss, Chairman of the WFE Board of Directors. ”This will underpin our strong commitment to maintaining an on-going dialogue with these key constituencies.”

“Our ultimate goal is to transform WFE into a more outward looking organization actively engaged with the financial industry,” said Hüseyin Erkan, CEO of the WFE. “The WFE’s presence in London will place us in close proximity to many of our members’ operations, as well as to the global financial media, and will facilitate our interactions with the major sell-side and buy-side of the markets as well as other stakeholders of our industry.”

Chairmen and Chief Executives from more than 50 of the world’s leading exchanges are gathered in Mexico City this week for the 53rd WFE General Assembly and Annual Meeting. The Annual Assembly represents the largest and most widely attended gathering of global exchange leaders.

Award for Excellence

This year’s “WFE Award for Excellence” was presented to Professor Robert C. Merton, MIT Sloan School of Management, and Professor Myron Scholes, Stanford Graduate School of Business and the late Fischer Black, former Director of the Quantitative Strategies Group at Goldman Sachs, in recognition of their development of the groundbreaking Black-Scholes Model in 1973. Professor Merton accepted the Award in person at a ceremony during the Annual Meeting.     

L-R: William J. Brodsky, Robert C. Merton

New WFE Member Exchanges

The WFE General Assembly approved the membership of Dubai Financial Markets, Hochiminh Stock Exchange, Kazakhstan Stock Exchange, New Zealand Stock Exchange, and Qatar Exchange. Together with these new members, WFE membership includes 62 regulated exchanges.

The WFE General Assembly also approved the Chittagong Stock Exchange and Hanoi Stock Exchange as Affiliates; and the MIAX Options Exchange as a Correspondent.

WFE Elects 2014 Board of Directors

The General Assembly also elected its new Board of Directors for 2014. A list of the new directors is given on the righthand side.

WFE Annual Meeting 2014

The next WFE Annual Meeting will be hosted by the Korea Exchange in Seoul.

Enrique Peña Nieto, President of Mexico
WFE Annual Meeting, Mexico City


WFE Board of Directors 2014


                               Andreas Preuss, Deutsche Börse AG

Vice Chairman

                               Thomas Kloet, TMX Group

Chairman of the Working Committee

                               Ravi Narain, National Stock Exchange of India


                               Edemir Pinto, BM&FBOVESPA,

                               Phupinder Gill, CME Group,

                               William J. Brodsky, CBOE Holdings

                               Luiz Tellez, Bolsa Mexicana de Valores,

Asia - Pacific              

                               Chow Chung Kong, Hong Kong Exchanges and Clearing

                               Gui Minjie, Shanghai Stock Exchange

                               Atsushi Saito, Japan Exchange Group

                               Kyungsoo Choi, Chairman & CEO, Korea Exchange

Europe - Middle East - Africa

                               Tony Weeresinghe, London Stock Exchange Group

                               Nicky Newton-King, Johannesburg Stock Exchange

                               Ibrahim M. Turhan, Borsa Istanbul

                               Urs Rüegsegger, SIX Swiss Exchange

At large 

                               Duncan Niederauer, NYSE Euronext

                               Meyer S. Frucher, Nasdaq OMX