Dr. Kaitao Lin, Senior Financial Economist at the WFE, says commodity options markets are already pricing in climate risk, with “brown” contracts carrying higher premiums than their greener counterparts.

Analyse setbacks carefully, extract the lessons and return stronger. Growth often occurs precisely when success appears most distant.

Russell Karas, Senior Vice President and Head of the Strategic Market Solutions Division at Xpansiv, explores how exchanges are shaping the evolution of International Renewable Energy Certificate (I-REC) markets.

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.

As exchanges face shrinking revenues and rising competition, this piece by Magnus Almqvist, CEO, Exberry, explores how agility, integration and multi-asset flexibility are redefining the modern exchange model.

As Borsa İstanbul prepares to host the World Federation of Exchange's General Assembly and Annual Meeting next month, it highlights Türkiye’s growing role in global capital markets.

Alyona Bulda, Head of Global Exchanges, and Daria Degtiarenko, Senior Marketing Communications Manager at Exactpro, write about testing approaches for AI-driven systems in financial market infrastructures.

Victoria Powell, Senior Manager, Sustainability, and Rona Nairn, Manager, Regulatory Affairs at the WFE, address a pressing question: Is now the right time to prioritise nature alongside climate issues?

Dr Ying Liu, Economist, and Dr Kaitao Lin, Senior Financial Economist, at the WFE, explore the economic, institutional, social and cultural factors that have shaped how exchanges around the world have engaged with ESG over the past decade.