World Federation of Exchanges moving HQ to London from Paris

Reuters

NEW YORK, Oct 29 (Reuters) - The World Federation ofExchanges, the trade association for the operators of regulatedfinancial exchanges, said on Tuesday it will move itsheadquarters to London from Paris by year-end to help it betterengage with the global financial community.

The WFE includes members from 62 exchanges, and delegates ofthe organization approved the relocation to London at a meetingin Mexico City.

"London is a world class financial center," Andreas Preuss,Chairman of the WFE Board of Directors, told the group's membersat the opening of the meeting.

He said the move would bring the WFE closer to many of itsimportant customers and stake holders, including institutionalinvestors and brokers.

London would also give the WFE better access to the majorfinancial media, and many WFE members already have officesand/or operations in London, said Preuss, who is also deputy CEOof Deutsche Boerse AG.

Chairmen and chief executives from more than 50 of theworld's leading equities, options and futures exchanges gatheredfor the WFE meeting, which ends on Wednesday.

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