WFE's Ring the Bell initiative draws record support

Published by: The WFE Focus Team Oct 2020

Exchanges around the world have united to promote financial literacy and boost financial inclusion, ringing the bell in multiple countries on multiple days all week during World Investor Week (“WIW”) 2020.

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, is supporting the International Organization of Securities Commissions (“IOSCO”) WIW 2020, which runs from 5 October to 11 October 2020. WIW is a week-long, global campaign to raise awareness about the importance of investor education and protection and promote financial literacy.

In 2020, WFE members ranging from New Zealand to Brazil held virtual opening or closing bell ringing ceremonies, or a workshop, during the week to promote the cause and drive awareness of why people need to focus on financial literacy and how it can improve life outcomes. Around 40 exchanges are part of the initiative, bringing together stakeholders to celebrate the progress that has been made and looking to partner on the road ahead.

While the Covid-19 pandemic means many exchanges are still operating remotely, the preparedness that has allowed them to provide resilient and robust market structure during this crisis also means that a virtual bell ringing poses no challenges. Many of the events will be supported by the production of educational content, investor awareness campaigns, and seminars on financial literacy.

  • Nasdaq

  • The Egyptian Exchange

  • Shanghai Stock Exchange & Kazakhstan Stock Exchange

  • Palestine Exchange

  • Qatar Stock Exchange

  • Taiwan Stock Exchange & The Stock Exchange of Thailand 

  • Amman Stock Exchange & Saudi Stock Exchange (Tadawul)

  • Malta Stock Exchange & Tunis Stock Exchange

    September's WFE’s monthly Focus magazine is a Special Edition devoted to Financial Literacy.

    Nandini Sukumar, Chief Executive Officer, the WFE said: “Financial literacy has never been an optional add-on for exchanges and CCPs. We have always invested in this work because the industry believes in inclusive growth, and that markets-based financing helps pave the way to sustainable economic expansion. Financial literacy is also dear to us as the nature and ethos of public markets enshrines investor protection at the heart. Education is part of that mandate and a significant factor in developing markets to maturity and beyond. All market infrastructures, whether large or small, whether in a developed market or a frontier market, prioritise investor education at the heart of their business and as a foundation of market integrity. The pandemic and economic crisis make this even more important.”

    The exchanges participating in the Ring the Bell for Financial Literacy 2020 initiative are:

    Name of Exchange / CCP
    (alphabetical order)

    Opening Bell, Closing Bell or other

    Abu Dhabi Securities Exchange (ADX)

    Opening Bell

    Amman Stock Exchange

    Opening Bell

    Athens Stock Exchange

    Opening Bell

    B3 - Brasil Bolsa Balcão

    Opening Bell

    Bahrain Bourse

    Other

    BME Spanish Exchanges

    Other

    Bolsa de Comercio de Buenos Aires

    Other

    Bolsa de Comercio de Santiago

    Opening Bell

    Bolsa de Valores de Lima

    Other

    Bursa Malaysia

    Opening remarks by CEO for a Webinar

    Dar es Salaam Stock Exchange PLC

    Closing Bell

    Deutsche Boerse

    Opening Bell

    Dubai Financial Market (DFM)

    Opening Bell

    The Egyptian Exchange

    Opening Bell

    Hochiminh Stock Exchange

    Other

    Hong Kong Exchanges and Clearing

    Opening Bell

    Intercontinental Exchange

    Other

    Japan Exchange Group, Inc.

    Other

    Johannesburg Stock Exchange

    Opening Bell

    Kazakhstan Stock Exchange

    Opening Bell

    Korea Exchange

    Opening Bell

    London Stock Exchange Group

    Opening Bell

    Luxembourg Stock Exchange

    Other

    Moscow Exchange

    Opening Bell

    Nasdaq

    Closing Bell

    National Stock Exchange of India Limited

    Closing Bell

    Nigerian Stock Exchange

    Other

    NZX Limited

    Opening Bell

    Palestine Exchange

    Opening Bell

    Philippine Stock Exchange

    Opening Bell

    Qatar Stock Exchange

    Opening Bell

    Saudi Stock Exchange (Tadawul)

    Other

    Shanghai Stock Exchange

    Other

    Shenzhen Stock Exchange

    Closing Bell

    Singapore Exchange Limited

    Opening Bell

    Taipei Exchange

    Other

    Taiwan Stock Exchange

    Opening Bell

    The Stock Exchange of Thailand

    Opening Bell

    TMX Group / TSX

    Opening Bell

    Tunis Stock Exchange

    Opening Bell

    - Ends -

    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 over 250 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 35% are in Asia-Pacific, 45% in EMEA and 20% in the Americas. WFE’s 57 member CCPs collectively ensure that risk takers post some $800 billion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. WFE exchanges are home to nearly 53,000 listed companies, and the market capitalisation of these entities is over $93 trillion; around $88 trillion (EOB) in trading annually passes through WFE members (at end 2019).

    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: @TheWF