World Federation of Stock Exchanges - Definition
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World Federation Of Stock Exchanges Definition
The World Federation of Stock Exchanges is a trade association of regulated exchanges across the world. This association is made up of publicly regulated exchanges such as options, bonds and stocks that can be traded in the security market. This international trade group is commonly referred to as the World Federation of Exchanges (WFE). WFE enhances access to securities or financial markets by regulated securities exchanges and also promote the efficacy of a global financial system which it stands for. The World Federation of Exchanges set standards for the exchange is securities in the international market.
A Little More on What is the World Federation Of Stock Exchanges
Quite a number of largest and regulated exchanges across the globe belong to the World Federation of Exchanges (WFE). As an international trade association, WFE represents over 200 regulated exchanges and clearing houses. WFE ensures that best practices are maintained in the financial service of Stock exchange industry. This trade group was created in 1961 and has its location in the United Kingdom. WFE spans through 45,000 companies worth a value of $82.5 trillion, as at 2017. WFE releases periodic statistics on securities markets, it also organizes conferences and forums where vital financial discussions are made. Organizations are established to achieve specific goals, WFE is not an exception. The World Federation of Exchanges facilitates impeccable ideas and ethical practices in the industry. The financial service is a regulated industry in many states of the world, WFE operating at a global level, stimulate trading of securities and financial assets around the world. WEF is governed by a board of directors who oversee the management of the organization. The trade group convenes periodic conferences and forums that enhance the circulation of vital financial information to participants, an example is the WFE General Assembly & Annual Meeting. WFE also provide Annual Statistics Guide for its members to guide them when trading securities and financial assets.
References for World Federation of Stock Exchanges
World Federation of Exchanges (WFE)
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