World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has admitted six new members at the 58th General Assembly in Athens.
Nairobi Securities Exchange (NSE) which was approved as a full member at the WFE’s in January 2018 together with five other new members, including the London Stock Exchange Group, Boursa Kuwait, Boursa Kuwait, Multi Commodity Exchange of India (MCX), Tunis Stock Exchange and China Securities Depository and Clearing Corporation (CSDC) take the total number of full members to 70.
“Members are the lifeblood of any trade association, and our new members demonstrate the truly global breadth and multi-asset class depth of today’s WFE. We are proud to represent such a diverse range of organisations, and with full members now standing at 70 – the greatest number in the federation’s 57-year history – our role as the voice of the global market infrastructure industry has never been more important.’’ Said Nandini Sukumar the Chief Executive Officer of WFE.
He also added that with ever-growing mandate and membership base, the WFE is looking forward to championing the causes that matter to our members, focusing on business-critical topics including CCP-related capital issues, sustainability, emerging markets, market integrity, regulatory coherence, SMEs, cyber resilience and FinTech.
The NSE becomes the sixth African country to become a full member of the World Federation of Exchanges (WFE) following a rigorous evaluation process conducted an audit team from WFE culminating in an onsite-inspection visit at the NSE by the WFE chief executive Nandini Sukumar last year.