The Bermuda Stock Exchange is to join the board of a global industry organisation.

The BSX has been signed up to the World Federation of Exchanges, which represents more than 200 exchanges and counterparty clearinghouses around the world.

Greg Wojciechowski, chief executive officer of the BSX, said: “The WFE’s advocacy role and mandate is a critical one and we are proud to be able to provide our input on some of the issues and challenges facing the global exchange environment.”

The BSX has been a member of the WFE since 1999 and Mr Wojciechowski said its appointment to the board for a three-year term was a tribute to the work of the BSX team and the evolving domestic capital market around it.

Mr Wojciechowski, who will represent the BSX on the WFE board, added: “It is very encouraging that a smaller exchange such as ours is such an integral part of that global mandate.”

Nandini Sukamar, CEO of the WFE, said: “It is vital to our ongoing advocacy mandate that we represent the voices of global FMIs of all sizes, which is why it is particularly exciting to have the BSX on the board.

“As a smaller, highly nimble exchange, the BSX will be able to offer the WFE a unique perspective when we debate key issues impacting the market structure industry.”