Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 250 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 34% are in Asia-Pacific, 45% in EMEA and 21% in the Americas. WFE’s 90 member CCPs and clearing services collectively ensure that risk takers post some $1.3 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. WFE exchanges, together with other exchanges feeding into our database, are home to over 50,000 listed companies, and the market capitalisation of these entities is over $100 trillion; around $140 trillion (EOB) in trading annually passes through WFE members (at end 2022).

The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free statistics database stretches back more than 40 years and provides information and insight into developments on global exchanges. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system.

With extensive experience of developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. We seek outcomes that maximise the common good, consumer confidence and economic growth. And we engage with policy makers and regulators in an open, collaborative way, reflecting the central, public role that exchanges and CCPs play in a globally integrated financial system.

Bolsas y Mercados Españoles (BME), is the operator of all stock markets and financial systems in Spain. It was incorporated in 2001, and is part of SIX Group, the third largest exchange group in Europe.

The company has a presence in Barcelona, Bilbao, Madrid and Valencia. Its headquarters are located in Madrid. BME is structured into the following business units: Exchanges, Securities Services and Financial Information.

SIX connects financial market participants in Switzerland, Spain and throughout the world. The company is owned by around 120 national and international financial institu- tions. They are the main users of our services and our most important customers.

Our close relationship with them guarantees stability of the financial infrastructure and processes, proximity to clients’ evolving business needs and competitive prices. SIX is also building a digital infrastructure for the new millennium.