Editor's Pick
Understanding Margin Model Performance: A Factor-Based Approach to CCP Backtesting
Rama Kumanduri, Managing Director, and Shahrzad Karimi, Director, at The OCC explain how a new factor-based, forward-looking approach to CCP backtesting helps identify the true drivers of margin model failures.
Read more
Editors Pick
Understanding Margin Model Performance: A Factor-Based Approach to CCP Backtesting
Read more
Statistics
Trends in value of share trading through Electronic Order Books (EOB)
Published: Jul 2025
Mihaela Croitoru, Statistics Database Manager at the WFE, writes about recent trends in value of share trading through Electronic Order Books (EOB).
Statistics
Tracking Progress in Carbon Offset Futures
Published: Jun 2025
Dr Ying Liu, Financial Economist at the WFE, writes about tracking progress in carbon offset futures.
Education
Celebrating 40 Years of Options Education
Published: Jun 2025
Alexandra Szakats, Vice President, Head of The Options Institute at Cboe, reflects on Cboe’s decades-long efforts to provide world-class educational programming to market participants of all backgrounds. Celebrating its 40th anniversary this year, The Options Institute is Cboe’s education team, dedicated to advancing investors’ understanding of derivatives, financial markets and responsible, informed decision-making.
Emerging Markets
Deepening Capital Markets in Frontier Economies: Ghana Stock Exchange Admits First Commercial Paper Issuance on It Fixed-Income Market
Published: Jun 2025
Frank Berle, Deputy Managing Director at the Ghana Stock Exchange, discusses the launch of a regulated commercial paper market in Ghana and its implications.
Emerging Markets
Invisible Infrastructure Underpinning Morocco's World Cup Development Drive
Published: Jun 2025
Gavin Serkin, Founder & Managing Editor of Frontier Intelligence, talks about Morocco's derivatives expansion with the excitement of the football World Cup on the horizon.
Features
How Market Operators Should Approach Innovation
Published: Jun 2025
In this Op Ed, Magnus Haglind, Head of Marketplace Technology at Nasdaq, argues that market operators must shift from maintenance to innovation, embrace service-led models and modernise at scale.
Features
The Role of Stock Exchanges in Advancing Global Sustainability
Published: Jun 2025
In this episode of the Canadian Securities Exchange's podcast, James Black, VP, Listings Development at CSE, and Nandini Sukumar, CEO of the World Federation of Exchanges (WFE), discuss the role of stock exchanges in advancing global sustainability.
CEO Letter
CEO Letter - June 2025
Published: Jun 2025
Welcome to the June edition of Focus.
To begin this issue, Alexandra Szakats, Vice President, Head of The Options Institute at Cboe, reflects on the organisation's decades-long efforts to provide world-class educational programming to market participants of all backgrounds.
We have an Op Ed by Magnus Haglind, Head of Marketplace Technology at Nasdaq. In his article, Magnus argues that market operators must shift from maintenance to innovation, embrace service-led models and modernise at scale.
Gavin Serkin, Founder & Managing Editor of Frontier Intelligence, talks about Morocco's derivatives expa...
Features
The Journey to T+1 for the UK, EU, Switzerland and Liechtenstein
Published: May 2025
Matt Johnson, Executive Director of Institutional Trade Processing Product Management and Industry Relations at DTCC, discusses how DTCC is supporting market participants as they prepare for the UK Accelerated Settlement Taskforce (AST) implementation plan.