Sat, Oct 13, 2012 - Page 14 News List

Taipei set to host annual international exchange meet

By Crystal Hsu  /  Staff reporter

More than 200 representatives from global stock exchanges have arrived in Taipei to attend the World Federation of Exchanges’ (WFE) 52nd general assembly and annual meeting next week.

The WFE is the trade association of regulated exchanges and helps develop and promote standards, fair trade and transparency in markets. It has 54 members representing more than 100 global stock, futures and options exchanges with Ronald Arculli, director of Hong Kong Clearing and Exchanges, serving as the WFE chairman.

“The organization supports reform in the regulation of over-the-counter derivatives markets and international cooperation and coordination among regulators for the even implementation of laws and regulations across jurisdictions,” WFE secretary-general Huseyin Erkan said yesterday in Taipei.

“Each issue being discussed at the WFE general assembly and annual meeting will have a major impact on where stock exchanges are heading, as market participants, policymakers, regulators and other stakeholders seek to balance both innovation and financial stability,” Erkan added.

The meetings are set to take place on Monday and Tuesday.

It is the first time Taipei has hosted the annual WFE event.

Erkan praised Taiwan as an advanced and mature market where listed firms operate a total market capitalization larger than the nation’s GDP.

The past three years has seen 51 foreign firms list on the local bourse, which is an impressive record, Taiwan Stock Exchange chairman Schive Chi (薛琦) said.

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