World Federation of Exchanges Offers Support to SEC Chair White

WFE Pledges to Aid the Agency’s Evaluation of High Frequency Trading on Transparent Markets

LONDON--()--The Board of Directors of the World Federation of Exchanges (WFE), a global trade association of publicly regulated exchanges, announced today that it has submitted a letter of support to U.S. Securities and Exchange Commission Chair Mary Jo White. The letter commends the regulator’s determination to ensure the safety of regulated markets and offers the WFE’s full assistance as the SEC continues to develop guidelines on exchange oversight and risk mitigation. The public letter was signed by Andreas Preuss, Chairman of the WFE Board of Directors, and Hüseyin Erkan, WFE Chief Executive Officer.

The WFE, which represents more than 60 major regulated equity and derivatives exchanges, committed its numerous global resources, including member statistics and data, and market and technical expertise to the SEC via its public letter. In recent action, Exchanges have adapted to changes in market structure by implementing beneficial new technology to aid in risk mitigation. Through these past actions, the Federation continues to confirm its members’ future interest in enhancing the security, stability and integrity of global markets, while still preserving the benefits of high frequency trading.

Please click here to find a link to WFE’s submitted letter to Chair White.

ABOUT THE WFE:

The World Federation of Exchanges is the trade association for the operators of regulated financial exchanges. With more than 60 members from around the globe, the WFE develops and promotes standards in markets, supporting reform in the regulation of OTC derivatives markets, international cooperation and coordination among regulators. WFE exchanges are home to more than 45,000 listed companies.

Contacts

For the World Federation of Exchanges
Stephanie DiIorio, 212-754-5181
sdiiorio@intermarket.com
or
Nora Sabry, 212-754-5468
nsabry@intermarket.com

Release Summary

The Board of Directors of the World Federation of Exchanges (WFE) announced today that it has submitted a letter of support to U.S. Securities and Exchange Commission Chair Mary Jo White.

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Contacts

For the World Federation of Exchanges
Stephanie DiIorio, 212-754-5181
sdiiorio@intermarket.com
or
Nora Sabry, 212-754-5468
nsabry@intermarket.com