The establishment of CCPs in emerging markets has been found to improve market liquidity, boost transparency, reduce volatility, manage risk and fundamentally increase trust amongst the many stakeholders by a factor of up to 20%. The concomitant benefit to emerging economies has been an exponential growth in foreign investment. Perhaps the biggest benefit of all is the increasing integration of emerging markets into global financial markets.

In analysing the events of the last year, we can conclude that CCPs remained stable and were able to continue their critical operations. Also, trading on natural gas derivatives markets generally remained orderly despite the high volatility and the sharp reduction in liquidity.

David Murphy, Visiting Professor at London School of Economics' Department of Law, considers what is next for financial market infrastructures after the collapse of FTX.

Mihaela Croitoru, Database Manager at the WFE, writes about currency derivatives trends on the world's stock exchanges.

Exchanges Globally Agree Framework for Green Equities

Exchanges and CCPs worldwide 'Ring the Bell for Gender Equality 2023'

FY 2022 Market Highlights report

Mihaela Croitoru, database manager at the WFE, writes about interest rate derivatives on the world's stock exchanges.

The head of Kazakhstan Stock Exchange's Management Board looks ahead to 2023 and reflects on its history as the exchange celebrates its 30th anniversary.