CEO Letter - January 2017

By: The WFE Team Jan 2017

Dear Colleagues,

Welcome to the January 2017 issue of Focus, where we look ahead to the coming year with five of the world’s leading CEOs and Chairmen of exchanges and CCPs.

We are delighted to welcome:

CHOW Chung Kong, Chairman, Hong Kong Exchanges and Clearing Limited
Jeffrey Sprecher, Chairman & CEO, Intercontinental Exchange
Craig Donohue, Chairman & CEO, Options Clearing Corporation
Himmet Karadağ, Chairman, Borsa İstanbul
José-Oriol Bosch, CEO, Bolsa Mexicana de Valores

They share their insights and viewpoints for 2017, reflecting on the key issues and themes that may impact our sector over the next few months.

We hear from Cambridge Judge Business School, our Executive Education partner, about how change initiated by middle managers rather than top managers wins greater employee support, challenging us to rethink how managers at various levels of a hierarchical structure can influence and effect change. (Note: WFE Members get a discount on Executive Education courses at Cambridge Judge Business School – you can get details via the members portal on the WFE website.)

With less than two months to go until Global Money Week (27 March–2 April 2017), Kimberly DeRose, Network Manager, Child & Youth Finance International tells us about how financial institutions can get behind this very worthwhile initiative aimed at inspiring children and youth to learn about money, saving and gaining employment. The WFE has a Financial Education Study Group and our members worldwide are very active on this important issue. Educating children and students is key to building confidence and awareness of the role of both markets-based financing, and the role exchanges and CCPs play in the real economy.

Our WFE Research topic this month focuses on trends in ETFs from January to December 2016, reflecting on a year of mixed fortunes for the asset class.

Finally, we are pleased to have an exciting programme of WFE conferences coming up in 2017.

First is WFE’s IOMA Clearing & Derivatives Conference (19-21 April, Frankfurt.) We look forward to welcoming many of you to this flagship event, which will be hosted by Eurex. Registration is now open for members – please click here to sign up for the event. Affiliate registration will be open later in February.

Second, we are already preparing for the second WFE Working Committee of the year, which will take place in London on 5 June. We hope to see many of you there. (The first WFE Working Committee took place in Frankfurt on 24 January, and we will discuss the themes from the two-day event in next month’s Focus magazine.)

Third, we are delighted that the bi-annual WFE Technology Conference will be taking place this year in London, on 25 & 26 July. Our partners are Imperial College London, and the prestigious workshop will cover the most critical market microstructure and technology issues for the industry. It’s aimed to offer ideas, spark debate and prompt a lot of thinking, and will draw not just member CTOs and CISOs but also Heads of Innovation from our members. We invite members to register here for this thought-provoking conference from 1 February onwards, with affiliate registration opening in due course.

The year ahead looks set to be an exciting and busy one for the industry. The WFE exists to support its members so please keep your comments and feedback coming ([email protected]), so we can ensure we do that to the best of our ability. We wish you a wonderful 2017.