CEO Letter - September 2025

Welcome to the September 2025 issue of WFE Focus.

Our featured article this month comes from Borsa İstanbul, host of the WFE’s 64th General Assembly and Annual Meeting. The exchange highlights Türkiye’s growing role in global capital markets and extends a warm welcome to all delegates, as we look forward to gathering in Istanbul on 21–23 October.

Our Editor’s Pick is by Olga Cantillo, Executive President of Latinex Group, who reflects on Latinex’s 35-year journey from Panama’s local exchange to a global gateway.

Joseph Oko Lartey, CEO of Central Securities Depository (GH) Ltd, presents CSD Ghana’s new platform as a major step forward for innovation, inclusion and regional integration.

Alyona Bulda, Head of Global Exchanges and SVP, Technology at Exactpro, and Daria Degtiarenko, Senior Marketing Communications Manager at Exactpro, explain how financial markets can build trust in AI by applying the rigorous testing that underpins their resilience today.

This issue also showcases the best of WFE research. Victoria Powell, Senior Manager, Sustainability, and Rona Nairn, Manager, Regulatory Affairs, argue that now is the right time to prioritise nature alongside climate issues. Dr Ying Liu, Economist, and Dr Kaitao Lin, Senior Financial Economist, examine the factors that have shaped how exchanges worldwide have engaged with ESG over the past decade. And James Auliffe, Senior Manager, Regulatory Affairs, shares policy recommendations on how tax regimes can foster investment, capital formation and sustainable economic growth.

We look forward to seeing you in October for a special edition marking IOSCO World Investor Week, as stock exchanges around the world Ring the Bell for Financial Literacy.