- Focus | The World Federation of Exchanges

How to Build From Strength

Within the context of the recent BIS-CPMI-IOSCO consultative reports, Richard Haynes, Deputy Director, Risk Surveillance at the CFTC, and Nancy Doyle, Senior Special Counsel, share their thoughts on the proposals and why they are best framed as an enhancement of current transparency levels, which to a larger or smaller degree can build from an already strong base. 

How to Build From Strength

Features

The Role CCP Clearing Will Play in Developing Markets in Africa and Elsewhere

Published: Apr 2023

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.

Features

Three Questions for Financial Market Infrastructures in the Shadow of FTX

Published: Apr 2023

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.

Features

Clearing Commodity Markets and Financial Stability: Lessons Learned from Clearing Natural Gas Markets in 2022

Published: Apr 2023

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.