Worldwide Exchange is a television business news program on CNBC channels around the world. It used to be broadcast live from studios on three continents until May 11, 2012. The programme is anchored by Frank Holland and is produced at CNBC Global Headquarters in Englewood Cliffs, New Jersey. Prior to January 4, 2016, it was produced by CNBC Europe in London. Originally billed as "the first ever global business news broadcast", Worldwide Exchange began broadcasting in December 2005, and was the first CNBC program to be jointly produced by three of the network's regional channels. As a result of the success of Worldwide Exchange, a second joint production, Capital Connection, debuted on CNBC Europe and CNBC Asia on March 26, 2007. Worldwide Exchange replaced Wake Up Call, an early morning pre-market program on CNBC US; Morning Exchange, a mid-morning program on CNBC Europe; as well as Asia Market Wrap and CNBC Tonight on CNBC Asia, a daily wrap-up of the top business news in Asia. On October 13, 2014, Worldwide Exchange was switched to a full 16:9 letterbox presentation and re-launched in 1080i high-definition on CNBC US. Format Original format (December 19, 2005-March 11, 2011) The original program format began with the three anchors, Christine Tan from Asia, Ross Westgate from Europe, and Michelle Caruso-Cabrera from the United States, respectively, along with the headlines from each continent. A round-up of trading in Europe and Asia followed (normally including a look at the FTSE CNBC Global 300 Index, which was launched on the show on 2006-09-18), along with a look at US stock futures. The top business stories in each continent were then narrated in turn. The first half-hour also featured the program's signature segment, the fast-paced "Global Stock Watch". Breaking news on European economic data was frequently covered 30 minutes into the show, and was followed by instant analysis with a guest. The remainder of the original program format consisted largely of a mix of business headlines (which were then repeated in the second hour), interviews with guests, and issue-specific dispatches from CNBC reporters. Caruso-Cabrera left on October 19, 2007, and was replaced by Brian Shactman until at the end of 2009. The following year, on February 1, 2010, Nicole Lapin became the U.S. presenter until her departure from the network on August 5, 2011. From its premiere until March 25, 2011, Worldwide Exchange featured guest hosts during both hours