Ring the Bell for Financial Literacy

Sponsor: The World Federation of Exchanges

Region: Worldwide

Date: Mon, 04-Oct-2021 00:00 CEST

Ring the Bell for Financial Literacy

Exchanges and CCPs around the world are ringing the bell for financial literacy all week during IOSCO’s World Investor Week. Financial Literacy is fundamental to the work of exchanges and CCPs and the commitment they have towards inclusive and sustainable economic growth, fostering equality and their belief in the power that markets-based financing has to provide solutions and bridge gaps. As an industry, market infrastructures believe it has become even more important at this time of pandemic.

This year, the WFE is planning several initiatives to promote this cause. The Ring the Bell for Financial Literacy initiative that is a core part of our industry effort to promote financial literacy and marks World Investor Week. All Exchanges and CCPs will hold a virtual bell ringing ceremony (opening or closing bell) or conduct another event during the week to promote the significance.

About the World Federation of Exchanges

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, 35% are in Asia-Pacific, 45% in EMEA and 20% in the Americas. WFE’s 57 member CCPs collectively ensure that risk takers post some $800bn (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. WFE exchanges are home to 47,919 listed companies, and the market capitalisation of these entities is over $109 trillion; around $137 trillion (EOB) in trading annually passes through WFE members (at end 2020).

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.

Click here to view the WFE’s website, sign up for the industry’s Focus magazine or to visit the WFE on LinkedIn. For Twitter see: @TheWFE.

Event Coordinator: Antoinette Di Massa

Updated: July 07, 2021