Pre-Conference Tour - Sun 17 Nov

• 08:00 - 20:00:

  Pre-Conference Tour

  (Information can be found here)

DAY 1 - Tue 19 Nov

• 08:00 - 17:00:

  Registration

  All participants

  Venue:  Mandarin Oriental, Kuala Lumpur 

  Dress code for all events: Business casual

• 09:00 - 13:00:

  Securities Commission (SC) Malaysia and World Federation of Exchanges (WFE) Dialogue

  WFE Members & Speakers only

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  Speakers

  • 

    Nandini Sukumar Chief Executive Officer The World Federation of Exchanges
  • 

    John McKenzie Chief Executive Officer, TMX Group, & Chair WFE Working Committee
• 13:00 - 14:00:

  Lunch

  WFE Working Committee Members, Board of Directors, LTPs and Speakers only

• 14:00 - 17:00:

  WFE Board of Directors Meeting

  WFE Board of Directors only

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  Speakers

  • 

    Nandini Sukumar Chief Executive Officer The World Federation of Exchanges
  • 

    Boon Chye Loh Chief Executive Officer, Singapore Exchange & Chairman, The World Federation of Exchanges
  • 

    Jos Dijsselhof Chief Executive Officer SIX Group
  • 

    John McKenzie Chief Executive Officer, TMX Group, & Chair WFE Working Committee
• 18:30 - 21:00:

  Welcome Reception

  All participants

DAY 2 - Wed 20 Nov

• 08:00 - 16:30:

  Registration

  All Participants

  Venue:  Mandarin Oriental, Kuala Lumpur 

  Dress code for all events: Business casual

• 08:00 - 10:00:

  WFE General Assembly

  WFE Members only

  ---

  Speakers

  • 

    Nandini Sukumar Chief Executive Officer The World Federation of Exchanges
  • 

    Boon Chye Loh Chief Executive Officer, Singapore Exchange & Chairman, The World Federation of Exchanges
• 10:00 - 10:15:

  Coffee Break

• 10:15 - 10:30:

  Opening Ceremony of the Annual Meeting and Welcome Remarks

  All Participants

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  Speakers

  • 

    Nandini Sukumar Chief Executive Officer The World Federation of Exchanges
  • 

    Boon Chye Loh Chief Executive Officer, Singapore Exchange & Chairman, The World Federation of Exchanges
  • 

    Datuk Muhamad Umar Swift Chief Executive Officer Bursa Malaysia
• 10:30 - 10:45:

  Session 1: Special Address

  Moderator

  • 

    Tan Sri Abdul Wahid Omar Chairman Bursa Malaysia

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  Speaker

  • 

    YAB Dato' Seri Anwar Bin Ibrahim Prime Minister of Malaysia
• 10:45 - 11:00:

  Session 2: Keynote: Capital Markets in Malaysia – The Way Forward

  Moderator

  • 

    Tan Sri Abdul Wahid Omar Chairman Bursa Malaysia

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  Speaker

  • 

    YB Senator Datuk Seri Amir Hamzah Azizan Finance Minister II Ministry of Finance
• 11:00 - 12:30:

  Session 3: What is an Exchange?

  As our industry evolves: exchange, CCP and CSD, what is  the modern exchange and market infrastructure of today? What makes for a good market infrastructure provider? Has that changed? Will those attributes change? Should they change?

  Presentation: Dr Reena Aggarwal, Georgetown University

  Moderator

  • 

    Nandini Sukumar Chief Executive Officer The World Federation of Exchanges

  ---

  Speakers

  • 

    Jos Dijsselhof Chief Executive Officer SIX Group
  • 

    Carlston Tong Chairman Hong Kong Exchanges & Clearing
• 12:30 - 14:00:

  Lunch

  All Participants

• 14:00 - 15:00:

  Session 4: Beyond the Monopoly Myth: Rethinking Competition in Financial Markets

  Exchanges face intense competition on every front: from private markets & crowd sourcing platforms in primary markets to alternative trading systems and systematic internalizers focused on secondary markets. The data and businesses are highly competitive and exchanges also compete with each other globally and regionally. So why does the myth of the monopoly persist? How do exchanges navigate competition with alternative trading systems? What are the main factors driving companies to seek capital outside of traditional exchange listings? How can regulators ensure a level playing field between exchanges and other markets? What are the risks of pushing companies into alternative markets, and how can they be mitigated? What should be the role of policymakers in balancing competition whilst reducing fragmentation in financial services? In what ways can exchanges innovate to remain attractive to issuers and investors alike?

• 15:00 - 16:00:

  Session 5: Tradition & Innovation: Celebrating the Strengths of Traditional Financial Markets in the Age of Crypto

  “When a tradition gathers enough strength to go on for centuries, you don’t just turn it off one day” - Chinua Achebe. 

  What is the enduring value of traditional financial services, such as exchange trading and central counterparty clearing (CCPs), in contrast to the promises of crypto markets and decentralised finance (DeFi)? What lessons can be drawn from both traditional finance (TradFi) and emerging crypto markets? Why are some innovations, like distributed ledger technology (DLT), yet to achieve widespread adoption. What are the core strengths of traditional financial markets that continue to provide stability and trust to investors? Why has disintermediation in financial services not lived up to its hype, and what risks does it present? How can traditional financial services adapt lessons from crypto markets without compromising on safety and regulation? What are the critical factors holding back the widespread adoption of DLT in traditional financial services? Looking forward, how should traditional financial institutions approach innovation while maintaining their foundational principles?

  
  

• 16:15 - 17:30:

  WFE Board of Directors Meeting

  WFE Board Members only

  ---

  Speakers

  • 

    Nandini Sukumar Chief Executive Officer The World Federation of Exchanges
  • 

    Boon Chye Loh Chief Executive Officer, Singapore Exchange & Chairman, The World Federation of Exchanges
  • 

    Jos Dijsselhof Chief Executive Officer SIX Group
  • 

    John McKenzie Chief Executive Officer, TMX Group, & Chair WFE Working Committee
• 18:30 - 21:00:

  WFE Gala Dinner

  All Participants

DAY 3 - Thu 21 Nov

• 08:00 - 16:00:

  Registration

  All Participants

  Venue:  Mandarin Oriental, Kuala Lumpur 

  Dress code for all events: Business casual

• 09:00 - 09:30:

  MoU Signing Ceremony

• 09:30 - 10:30:

  Session 6: United We Stand: How can a region grow through collaboration?

  Moderator

  • 

    Boon Chye Loh Chief Executive Officer, Singapore Exchange & Chairman, The World Federation of Exchanges

  ---

  Speakers

  • 

    Datuk Muhamad Umar Swift Chief Executive Officer Bursa Malaysia
  • 

    Ramon Monzon President & Chief Executive Officer The Philippine Stock Exchange, Inc.
  • 

    Asadej  Kongsiri President  The Stock Exchange of Thailand
  • 

    Iman Rachman President Director Indonesia Stock Exchange
• 10:30 - 11:30:

  Session 7: OECD Presentation & Discussion

• 11:30 - 12:00:

  Coffee Break

• 12:00 - 13:00:

  Session 8: The Great Listings Debate: IPO Winter or Emerging Phoenix?

  The IPO market has seen a significant decline in recent years, with 2021 standing out as an exception. What are the key factors driving this trend? Why are we seeing a rising share of IPOs from emerging markets even as private equity continues to grow? Still, in spite of the bleak headlines, companies do still list – why? Is the private equity pipeline becoming more important to the listings business? What is the role of the cross-border IPO. How important are derivatives as a complement to listed equity, including for companies that are newly listed Does the system reward patient capital sufficiently? How important is the role of public price-signalling and short-term liquidity?

  Moderator

  • 

    Astrid Ludin Deputy Commissioner Financial Sector Conduct Authority of South Africa

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  Speakers

  • 

    Edward  Knight Executive Vice Chairman Nasdaq
  • 

    Ashishkumar Chauhan Managing Director & CEO National Stock Exchange of India
• 13:00 - 14:00:

  Lunch

  All Participants

• 14:00 - 14:45:

  Session 9: Fireside Chat: Dr Jane Goodall of Jane Goodall Institute & Tan Sri Abdul Wahid Omar, Chairman of Bursa Malaysia & Chairman of WWF-Malaysia

  Moderators

  • 

    Tan Sri Abdul Wahid Omar Chairman Bursa Malaysia
  • 

    Dr. Jane Goodall Founder Jane Goodall Institute
• 14:45 - 15:30:

  Session 10: The Great Settlement Debate: To T+1 or Not

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  Speakers

  • 

    John McKenzie Chief Executive Officer, TMX Group, & Chair WFE Working Committee
  • 

    Jorge Alegria Chief Executive Officer Bolsa Mexicana de Valores
• 15:45 - 16:45:

  Session 11: Living in the New World

  Exchanges and Market Infrastructure providers are always affected by political change even while our industry’s role is to ensure that markets operate, develop, stay open and work smoothly regardless of the change. No other industry is as profoundly affected. The last year has seen about 1.5 billion people go to the polls with elections taking place in more than 50 countries which between them hold almost half of the world’s population, according to Kings College London estimates. 

  How do exchanges navigate such change even while remaining true to their foundational principles. In recent years, we have witnessed a significant rise in political polarization both within and between countries. This growing divide poses potential risks to the integrity of financial systems, leading to increased frictions that hinder optimal capital allocation. How can exchanges maintain financial system integrity and minimize frictions in politically polarized environments With the rise in international political tensions, financial sanctions are becoming more common. What regulatory measures can exchanges implement to cushion the impact of these sanctions? How can global financial institutions adapt to varying regulatory standards driven by polarized political climates?  How can technological advancements and financial innovations be leveraged to mitigate the adverse effects of political polarization on financial systems?  What strategies can be implemented to ensure financial stability and inclusion in politically polarized environments?  How does political polarization affect global efforts to achieve net zero emissions, and what can financial institutions do to support these goals amidst a divided political landscape? 

• 16:45 - 17:00:

  Closing Remarks, thanks to the host and invitation to the 2025 Annual Meeting

  All Participants

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  Speaker

  • 

    Nandini Sukumar Chief Executive Officer The World Federation of Exchanges
• 17:00 - 19:30:

  WFE Farewell Reception

  All Participants

Post-Conference Tour - Fri 22 Nov

• 08:30 - 18:00:

  Post-Conference Tour

  (Information can be found here)