Consolidation, liquidity to anchor exchange forum

MUMBAI, India--(BUSINESS WIRE)--Leaders of the derivatives exchanges and clearinghouse members of the World Federation of Exchanges (WFE) will assemble 1-4 May for the 28th annual International Options Market Association (IOMA) meeting, which will focus on regulatory initiatives affecting clearing standards and over-the-counter derivatives, trends in market liquidity and exchange consolidation. The meeting takes place following one of the most successful years for trading on exchanges. According to the annual survey by WFE the options and futures traded on exchanges globally increased by 25%.

Ravi Narain, IOMA Chairman and Managing Director and Chief Executive Officer of National Stock Exchange of India (NSE India), emphasized the importance of this year’s agenda. “Regulators around the world have been approving measures to encourage centralized clearing of many over-the-counter (OTC) derivatives products, which is important action for our sector. Many of those policies have not yet been implemented, and in some cases are being resisted. At this year’s conference, we hope to continue the conversation and facilitate discussion regarding the anticipated impacts of current regulatory reforms.”

“IOMA supports the efforts of the WFE and looks forward to promoting open discussion on trends in the exchange traded futures and options markets,” said Jorge Alegria, Chief Executive Officer of MexDer, the Mexican Derivatives Exchange and IOMA Vice Chairman, who will lead IOMA’s network of senior executives from the options and futures exchanges for the next two years.

Narain and Alegria will welcome the IOMA delegates on Monday, 2 May shortly after a keynote address from Mr. M. S. Sahoo, Whole-time Member, Securities & Exchange Board of India (SEBI). Sessions will focus on recent innovations on futures and options exchanges, the global risk transfer market, clearing and exchange consolidation and an additional keynote address from Subir Gokarn the Deputy Governor of the Reserve Bank of India.

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