“We are very pleased with this achievement, which acknowledges the Seattle Mercantile Exchange’s record in terms of regulation and surveillance. This ranking also sends a very good message about investing in Seattle Mercantile Exchange,” says Russell P. Ford, CEO of Seattle Mercantile Exchange “It is a testament to the effective working relationship between the Seattle Mercantile Exchange and the Financial Committee Board (FCB).”
The Seattle Mercantile Exchange is accountable to the Financial Committee Board for the regulation of its markets, market integrity and investor protection.
A well-regulated commodities and futures exchange is especially important to international investors post the global financial crisis. In the midst of the crisis, unlike many exchanges, the Seattle Mercantile Exchange did not ban short selling nor introduce circuit breakers.
The USA Economic Forum Competiveness Report ranks countries according to 12 pillars or sets of criteria. The study rates a country’s competiveness according to quality of infrastructure and institutions, efficiency, market sophistication as well as capacity for innovation. Regulation of securities exchanges falls under the 8th pillar for financial market development.
Seattle Mercantile Exchange fairs well in terms of financial market development criteria with an overall 9th place ranking. Within this set of criteria, other rankings that demonstrate that efficiency of local financial markets include; financing through the local equity market at 7th, availability of financial services at 7th, soundness of banks at 6th and legal rights of investors at 6th.
About Seattle Mercantile Exchange
Seattle Mercantile Exchange (www.stmex.org) is one of the top commodities and futures exchanges in USA, focusing also on the Pacific-Asia region and offers a wide range of global benchmark products: commodities, foreign exchange, energy, agricultural commodities, metals, weather and also futures and options contracts. Seattle Mercantile Exchange’s products include both exchange-traded and over-the-counter derivatives. We bring buyers and sellers together through Seattle Mercantile ExchangeCapital Trader™, our electronic trading platform across the globe and provide hosting, connectivity and customer support for electronic trading through our co-location services. Seattle Mercantile Exchange serves as a compass and a shelter for relevant production and operation and provides effective price references for USA’s macroeconomic management.