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
Press Release: Exchanges Unite for the WFE’s Ring the Bell for Gender Equality
Published: Apr 2026
The World Federation of Exchanges launched its 12th annual Ring the Bell for Gender Equality campaign; 115 exchanges and CCPs rang the opening bell to promote inclusion across financial markets.
CEO Letter
CEO Letter
Published: Apr 2026
Welcome to the April edition of Focus.
In this edition, we hear from the Muscat Stock Exchange on its long-term vision for Oman’s capital market and the role exchanges can play in supporting economic transformation. We also feature insights from DTCC on the future of financial market efficiency, resilience and security, alongside expert contributions from Exactpro and pTools on trading platform resilience and the practical application of AI in market operations.
This edition also includes a round-up of the latest releases and developments from the WFE, including new research, policy work and ind...
ESG
The WFE's Women Leaders 2026 - Areej Faisal Al Emam, Enterprise Risk Management Senior Head, Saudi Tadawul Group
Published: Mar 2026
My mission is to architect a resilient foundation that protects the Group’s legacy while enabling its future.
ESG
The WFE's Women Leaders 2026 - Yekaterina Andryushina, Managing Director, International Cooperation & Sustainability Department Director, Kazakhstan Stock Exchange (KASE)
Published: Mar 2026
Talent has no gender boundaries, and women should continue stepping forward with confidence.
Features
The WFE's Women Leaders 2026 - Jennifer Baum, Chief Compliance Officer, The Options Clearing Corporation
Published: Mar 2026
The most successful leaders do not merely respond to change – they anticipate it, welcome it, and harness it as a catalyst for growth.
Features
The WFE's Women Leaders 2026 - Renu Bhandari, Senior Vice President & Head Broker Supervision and Member Compliance, National Stock Exchange of India Limited
Published: Mar 2026
Lateral experiences and reflective pauses can build capability, resilience and perspective.
Features
The WFE's Women Leaders 2026 - Kristin Boyd, Senior Vice President, Global Head of Derivatives Sales & Distribution, Cboe Global Markets
Published: Mar 2026
While promotions and transactions have been meaningful milestones, the achievements I value most are the people I have mentored.
Features
The WFE's Women Leaders 2026 - Tatiana Coimbra Castello Branco, Finance Director, B3 - Brasil Bolsa Balcão S.A.
Published: Mar 2026
My mother’s strength and integrity shaped my belief that leadership must combine competence with empathy and ethics.