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
CCPs
Eurex Clearing’s Contribution to Digital Integration of Financial Markets
Published: Dec 2025
Dr. Efthimia Kefalea, Director, Head of Derivatives Clearing Development, explains how Eurex Clearing, part of Deutsche Börse Group, is driving the digital transformation of financial market infrastructure.
Features
Always On, Always Ready: The New Mandate for Asian Market Infrastructure
Published: Dec 2025
Magnus Haglind, Senior Vice President, Capital Markets Technology at Nasdaq, outlines how Asia’s market operators can modernise mission-critical infrastructure to unlock real-time data, accelerate post-trade harmonisation, and prepare for the next era of AI-driven capital markets.
Emerging Markets
Bolsa Mexicana de Valores: Guiding the Capital Markets' Green Transition
Published: Dec 2025
Nalleli Barajas, Deputy Director of Sustainability, talks about Grupo Bolsa Mexicana de Valores' commitment to addressing climate change and how BMV delivers on it as a stock exchange and as a listed company.
ESG
From ESG to EGCX: How the Egyptian Climate Exchange Is Driving Sustainable Finance and Market Transformation
Published: Dec 2025
As EGX launches the Egyptian Climate Exchange and strengthens its climate governance initiatives, Mayar Sherif Helal, Senior Sustainability and Environmental Market Specialist, highlights how the exchange is accelerating Egypt’s leadership in sustainable finance.
ESG
Introducing the EU Taxonomy Issuers Window on the LGX Platform
Published: Dec 2025
Lucas Rabiot, Head of LGX Operations at LuxSE, explains how the new EU Taxonomy Issuers Window gives investors a clearer view of which companies are driving the green transition.
Emerging Markets
Building a Sustainable and Integrated Capital Market for the Region
Published: Dec 2025
Carlos Barrios, Sustainability and IR Senior Manager, nuam, talks us through their plans to build an integrated capital market that drives economic growth and contributes to the region’s sustainable development.
ESG
Carbon Inequality: Price Discovery and Market Dynamics in the Voluntary Carbon Market
Published: Dec 2025
Dr Ying Liu, Financial Economist at the WFE, analysed more than 250,000 carbon-credit transactions across 2,200 projects worldwide between 2017 and 2024, using econometric and machine learning methods.
CEO Letter
CEO Letter
Published: Dec 2025
Welcome to the December edition of Focus.
In this final issue of 2025, we are pleased to feature President Recep Tayyip Erdoğan’s address to the 64th WFE General Assembly and Annual Meeting, hosted by Borsa Istanbul last month. We also spotlight the ambitious sustainability initiatives of some of our members, as part of the recent Ring the Bell for Climate campaign.
This month’s sustainability focus includes:
Dr. Rasha Dayyat, Director of the Planning and Institutional Development Department, Amman Stock Exchange, on Jordan’s pioneering climate-related disclosure framework and its alignment with ...
