Mihaela Croitoru, Database Manager at the WFE, writes about single stock options and futures on the world's stock exchanges.

Welcome to the July issue of Focus.

This month we are excited to announce our Market Infrastructure Certificate programme, the first educational qualification for our industry.

This unique programme will help the next generation of financial services leaders worldwide understand the functioning and role of the organisations that underpin public markets.

Elsewhere in Focus this month, Artem Grechishnikov, senior QA project manager of Exactpro, explains the issues that must be addressed when considering moving operations to a cloud infrastructure.

Phil Mackintosh, chief economist and senior vice...

The MIC is aimed at educating the next generation of financial services leaders worldwide and we expect that it will serve the learning needs of all senior managers and mid-career professionals at central banks, buy-side and sell-side firms, exchanges, clearing houses and regulatory bodies.

It’s pretty easy to see that the costs of an FTT can quickly outweigh the revenues raised. It’s also important to realize who would pay the taxes. Investors would pay to cross wider spreads, and trade at prices that factor in tax costs.

Exactpro Senior QA Project Manager Artem Grechishnikov discusses the challenges that firms face as they transition their operations to a cloud infrastructure.

World Federation of Exchanges’ Ninth Sustainability Survey Reveals Industry Reached ESG Milestone