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.
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Editors Pick
Understanding Margin Model Performance: A Factor-Based Approach to CCP Backtesting
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Features
Artificial Intelligence and the Case of Takasbank
Published: Apr 2025
Burak Akan, Director of the Central Counterparty Department, Takasbank, provides an overview of AI’s evolution and how it is being implemented at the Turkish financial institution.
Features
Trading Fragmentation and Clearing Consolidation: A Policy Paradox?
Published: Apr 2025
Aniket Bhanu, VP, NSE Clearing, looks at the impact of clearing consolidation on trading behaviour in this research paper that he presented at the WFEClear conference.
Clearing
Addressing Global OTC Derivative Clearing Mandates
Published: Apr 2025
Tetsuo Otashiro, Director, Global Policy and Regulation / OTC Derivative Clearing Service at JSCC, takes a deep dive into derivatives clearing.
Features
Market Data Solutions Resilience for Increased Stability of the Financial Ecosystem
Published: Apr 2025
Alyona Bulda, Head of Global Exchanges, Technology SVP at Exactpro, discusses the important issue of market data systems integrity and resilience.
Statistics
Trends in interest rate derivatives
Published: Apr 2025
Mihaela Croitoru, Statistics Database Manager at the WFE, writes about trends in interest rate derivatives.
CEO Letter
CEO Letter - April 2025
Published: Apr 2025
Welcome to the April 2025 issue of WFE Focus.
In this issue, we highlight WFEClear 2025, the 41st edition of the WFE’s annual Clearing and Derivatives conference, which was hosted by the Korea Exchange (KRX) in Seoul this month.
Set against the dynamic backdrop of one of Asia’s most innovative financial centres, WFEClear 2025 brought together the global clearing community for three days of discussion, collaboration and forward-looking exploration. With 49 speakers and more than 170 participants from around the world, the conference explored the regulatory, operational and technological challeng...
Features
The WFE's Women Leaders 2025 - Noelle Aljaweini, Chief of Cash Markets, Saudi Exchange
Published: Mar 2025
Leadership is not about having all the answers, but about creating an environment where others feel empowered to contribute and succeed alongside you.
Features
The WFE's Women Leaders 2025 - Valerie Bannert-Thurner, Chief Revenue Officer for Nasdaq’s Financial Technology Division
Published: Mar 2025
Continuously seek opportunities for professional development and be open to learning from both successes and failures.