CEO Letter – November 2021

By: The WFE Focus Team Nov 2021

As the world gathers in Glasgow for COP 26, our November issue looks at broader ESG initiatives at market infrastructures around the world. WFE members continue to work tirelessly to promote finance as a force for good and to seek markets-based solutions to many of the issues we are grappling with as a society.

This month, we hear how in Russia, the Moscow Exchange’s online education platform has helped thousands of new retail investors gain the confidence to begin their trading journeys. Maria Kharlashkina, Deputy Head of Strategy, MOEX, tells us more.

In Brazil, a new breed of investor requires a new type of financial education. Christianne Bariquelli, Education Associate Director at B3, describes the exchange’s initiatives encouraging the next generation to become better savers.

On a more systemic note, Chris Edmonds, Global Head of Clearing & Risk, and Ashwini Panse, Chief Risk Officer, North American Clearing at ICE tell us why Central Bank account access for collateral deposits is a vital safety net.

Elsewhere, in Saudi Arabia, the development of debt instruments has increased the depth and liquidity of the capital market. Financial literacy is critical for that market growth to continue, says Noelle Al Jaweini, Chief of Cash Markets, Saudi Exchange.

Turning to Africa, we hear how in Tanzania, under-represented communities are being empowered with the knowledge to build their own financial futures. Initiatives run by Dar es Salaam Exchanges are changing lives, writes Ibrahim Mshindo, Director, Business Development

Despite enormous challenges, capital markets in Palestine have thrived in the past year, write Barraq Al-Nabulsi, General Director of the Palestine Capital Market Authority, and Maher Al-Masri, Chairman of the Board of Directors of the Palestine Exchange.

Bahrain Bourse is continuously working on developing creative plans to broaden its outreach to instill a well-grounded financial literacy and investment culture, says Narjes Farookh Jamal, Chief Operating Officer, Bahrain Bourse.

In Latin America, the public health crisis spurred the Santiago Exchange in Chile to turn its financial literacy programme into an online, interactive, multi-platform experience. José Antonio Martínez, Chief Executive Officer, Santiago Exchange, has the details.

In the US, Gina DeRaimo, Head of Cboe Options Institute and Business Optimization, Cboe Global Markets, tells us how Cboe Global Markets takes a practical approach to financial education, seeking to help reduce barriers to entry.

And finally, we hear how EGX has partnered with universities to offer lectures and a real-time trading simulator to raise financial awareness. Mohamed Farid Saleh, Executive Chairman, The Egyptian Exchange, writes of real progress despite the difficult circumstances of the past 18 months.

See you next month for our final issue of the year.