We think it is important to share know-how and improve cooperation through technology with fellow exchanges and industry organizations. We continue to strive towards new initiatives and efforts to work with exchanges in Turkic Countries, Balkans and the Middle East particularly with regards to technology as well as other solutions and services.
Market participants are increasingly moving to adopt cloud-based services to enhance business agility and operational efficiency as well as to monitor and manage risk. Those features are also very important to us as a CCP and why we chose to utilize the cloud as part of our transformation efforts.
The consensus across financial services and businesses more generally is that we’re confronting an unprecedented set of risks in 2024. Geopolitical risk is the most significant as ongoing and escalating conflicts can potentially disrupt the markets and supply chains.