World Federation of Stock Exchanges – Definition

Cite this article as:"World Federation of Stock Exchanges – Definition," in The Business Professor, updated May 13, 2019, last accessed October 26, 2020,


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)

… matter to the financial performance of stock exchanges? An investigation of demutualized member stock exchanges of the World Federation of Exchanges, Morsy, A., & Rwegasira, K. (2010). International Research Journal of Finance and Economics, 40, 155-167.

Stock exchange demutualization and performance, Azzam, I. (2010). Global finance journal, 21(2), 211-222.

Stock exchange demutualization, self-listing and performance: The case of the Australian Stock Exchange, Otchere, I., & Abou-Zied, K. (2008). Journal of Banking & Finance, 32(4), 512-525.

An Empirical Investigation of the Demutualization Impact on Market Performance Stock Exchanges, Morsy, A., & Rwegasira, K. (2010). International Research Journal of Finance and Economics, 40, 38-58.

Stock exchange self-listing and value effects, Otchere, I. (2006). Journal of Corporate Finance, 12(5), 926-953.

Stock exchange disclosure and market development: An analysis of 50 international exchanges, Frost, C. A., Gordon, E. A., & Hayes, A. F. (2006). Journal of accounting research, 44(3), 437-483.

Understanding the relationship between the demutualization decision of stock exchanges and the theory of the firm: A theoretical research note, Morsy, A., & Rwegasira, K. (2010). European Journal of Economics, Finance and Administrative Sciences, 23, 139-148.

Which stock exchanges are more attractive? The competition analysis of listing and trading performance, Lo, S. F. (2013). Economic Modelling, 30, 501-509.

Contemporary Nature of Stock Exchange in View of the Process of Demutualization, Rydzewska, A. (2016). Oeconomia Copernicana, 7(1), 49-62.

Stock market development and economic growth: The case of Mauritius, Nowbutsing, B. M., & Odit, M. P. (2009). International Business & Economics Research Journal, 8(2), 77-88.

Corruption and stock market development: A quantitative approach, Bolgorian, M. (2011). Physica A: Statistical Mechanics and its Applications, 390(23-24), 4514-4521.

Was this article helpful?