The World Federation of Exchanges (“The WFE”), the global industry group for exchanges and CCPs, today opened registration for its 2024 Market Infrastructure Certificate (MIC) programme, following the success of its inaugural year. The programme is the first and only one of its kind, which aims to educate the next generation of financial services leaders around the world.
The MIC was created to help those that need to engage with, and understand, the functioning and role of the organisations that underpin public markets such as exchanges, clearing and settlement organisations, central counterparties, payment systems, and central securities depositories.
Along with its university educational partner, Bayes Business School (formerly Cass), and part of City, University of London, the WFE expects the MIC to serve the learning needs of all senior managers and mid-career professionals.
As we have seen, MIC alumni come from a range of backgrounds, geographies and organisations. The qualification is relevant to all professionals working and interacting with public markets, from central banks, buy-side and sell-side firms, exchanges, clearing houses and regulatory bodies.
The programme also supports its candidates to enhance their business network and form valuable connections through their peers and other industry professionals they interact with as part of the course.
MIC candidates who successfully complete the programme will be awarded a postgraduate certificate, the Market Infrastructure Certificate, and receive 60 credits from Bayes Business School, City University of London. The MIC is at the same level as an MSc (i.e., Higher Education Level 7 in the UK). These qualifications are essential for those looking to improve their skills and develop both their career and CV.
The programme focuses equally on both the theoretical and on the practical aspects of market infrastructures (MIs) and features an online and a residential component.
The online component includes recorded sessions which participants can access at a time convenient to them and a series of live interactive webinars. The residential component consists of a residential academic week in London and an industry practitioner week which will be hosted by Cboe, in Chicago, USA.
On successful completion of the programme, candidates will have:
- Developed a broader and deeper knowledge of how MIs operate, their interrelations, their regulatory environment, and their role in achieving financial stability and supporting sustainable and inclusive economic growth.
- An updated knowledge of the current best practices in MIs.
- A deeper understanding of how different risks are managed by each MI.
- Assessed the implications of recent financial and technological innovations.
- Studied the role of ESG and ethics in the working of modern MIs.
Nandini Sukumar, CEO of The WFE commented: “The WFE has utilised its unique position in the exchange and CCP universe to produce a timely programme covering the issues that industry professionals crave a deeper understanding of. Following the success of the 2023 programme, we look forward to welcoming our next cohort of MIC candidates who are seeking to progress their careers and educate themselves on the market infrastructures that global financial systems rely on.”
Please click here to go to the MIC page on our website which contains all details including application, course dates and fees. Applications will remain open until the course intake limit is filled.
