In Milan at its regularly scheduled meeting, the Board of Directors of the World Federation of Exchanges addressed the global financial crisis and issued the following statement:
Exchanges have continued to properly function during this crisis, fulfilling their role as continuous, open markets for establishing and disseminating prices for exchange-traded instruments. The transparency of the prices in exchange-traded instruments makes this information available to all and is providing important liquidity to investors. The world’s exchange leaders strongly reaffirm the principle that equities and equity related exchanges remain open throughout this period.
WFE Chairman, Massimo Capuano, CEO of the Borsa Italiana, stated: “The crisis highlights the importance of regulated, exchange-based markets. We encourage global regulators to recognize the time-tested benefits of transparency, balanced regulation and central counterparty clearing available in exchange markets.”
| Mr Massimo Capuano
WFE Chairman CEO Borsa Italiana Deputy Chief Executive LSE Group |
Mr Jung-Hwan Lee Chairman and CEO Korea Exchange
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Mr Guillermo Prieto Trevino Chairman of the Board Bolsa Mexicana de Valores
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Mr William Brodsky WFE Vice Chairman Chairman and CEO CBOE
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Mr Russell Loubser CEO Johannesburg Securities Exchange
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Mr Atsushi Saito President and CEO Tokyo Stock Exchange Group Inc.
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Mr Magnus Böcker President NASDAQ OMX
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Mr Gilberto Mifano Chairman of the Board BM&F BOVESPA
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Mr Jean-François Théodore Deputy CEO NYSE Euronext
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Mr Paul M. Y. Chow Chief Executive HKEx
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Mr Ravi Narain Managing Director and CEO National Stock Exchange of India Ltd
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Mr Geng Liang Chairman Shanghai Stock Exchange
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Mr Thomas Kloet Chief Executive Officer TMX Group Inc.
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Mr Duncan Niederauer Chief Executive Officer NYSE Euronext
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Mr Antonio Zoido Chairman BME Spanish Exchanges
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The WFE is an organization of 56 of the world’s largest exchanges.
