World Federation of Exchanges to Convene the Global Meeting of Exchange & Clearing Leaders in Bermuda in 2023

 PRESS RELEASE

World Federation of Exchanges to Convene the Global Meeting of Exchange & Clearing Leaders in Bermuda in 2023

The Bermuda Stock Exchange to Host The World Federation of Exchanges 62^nd General Assembly & Annual Meeting September 19-21 in Hamilton, Bermuda

London, 12 January 2023 – 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 62^nd 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.

Gregory 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.’’

About the World Federation of Exchanges (WFE)

Established in 1961, the WFE is 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).

The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free statistics database stretches back more than 40 years and provides information and insight into developments on global exchanges. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system.

With extensive experience of developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. We seek outcomes that maximise the common good, consumer confidence and economic growth. And we engage with policy makers and regulators in an open, collaborative way, reflecting the central, public role that exchanges and CCPs play in a globally integrated financial system. Click here to view the WFE’s website, sign up for the industry’s Focus magazine or to visit the WFE on LinkedIn. For Twitter see: @TheWFE

About BSX

The Bermuda Stock Exchange (BSX), a wholly owned subsidiary of Miami International Holdings, Inc., is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organised in 1971. BSX specialises in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities. To learn more about BSX visit www.bsx.com.

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