World Federation of Exchanges elects presidents

23 Oct 2006

Massimo Capuano, president and CEO of Borsa Italiana, has been elected chairman of World Federation of Exchanges (WFE) for the next two years with Chicago Board Options Exchange's Bill Brodsky appointed vice president.

Capuano has...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.