FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2010
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
Kadyrzhan Damitov
President, Kazakhstan Stock Exchange Dr. Yakup Ergincan
CEO, Central Registry Agency Inc.
Federation of Euro-Asian Stock
Exchanges (FEAS) is a legitimate and
important mechanism for exchange of
ideas, experience and information among
the members that represent the markets
of Eurasia. FEAS created an environment
of trust and impartiality among the
member exchanges and encouraged
closer collaboration. As a platform that initiates long-term
cooperation and promotes a continuing
relationship between stock exchanges,
market infrastructures and intermediary
institutions FEAS played a significant role
in supporting the development of the
regional capital markets in the last 15
years.
Since inception, the organization
remained true to its mission of developing
fair, efficient and transparent market
environments among FEAS members.
Being a part of FEAS is extremely
important to Kazakhstan Stock Exchange
as it opens up the door to many
interesting international initiatives and
allows to exchange ideas with other
members.
FEAS provides a forum for discussion of
vitally important issues and helps to voice
the concerns of the Euro-Asian
exchanges internationally. Thanks to the
hard work of this organization, the
member exchanges were able to promote
themselves among international
investment community and continuously
disclose information about their
developments.
FEAS is located in Istanbul - the meeting
point of Europe and Asia and the home of
Turkey's capital market and Istanbul Stock
Exchange. Thus, referring to FEAS, it is
important to note the enormous
contribution of Istanbul Stock Exchange
into the creation and development of this
organization. It takes tremendous efforts
to support the work of the association of
such large and diverse region.
CRA is an affiliate member of the
association since 2006 and in such a
short time we benefited greatly from our
collaborations with other members.
Establishing bilateral links between
institutions will help all parties in
developing efficient post-trade
infrastructures that serve settlement
participants and investors alike.
As a member of the FEAS Affiliate Task
Force we are determined to contribute to
joint efforts by bringing our expertise and
technological know-how in post-trade
industry and improve the level of post-
trade services at both national and
international level.
In addition to working groups, FEAS
organizations such as the bilateral
exchange program, joint seminars and
training programs are not only useful but
necessary for the member institutions to
keep up pace with the rapidly changing
global financial environment. We would
like to thank the management and staff of
the general secretariat, and all member
organizations for their hard work and
cooperation in helping us reach that goal.
Hassan Ghalibaf Asl
CEO & President, Tehran Stock
Exchange
FEAS Secretariat,
I am specially pleased to have the honor
of sending my greetings to all those who
have contributed during the past years for
establishing and developing FEAS.
For Tehran Stock Exchange, as a co-
founder of the federation, it is particularly
gratifying to observe FEAS as an
increasingly more significant entity in the
international capital market.
We should all feel happy to be a member
of Exchanges, whose stabilizing role
during the recent financial crisis was
appreciated; however, as more efforts
were asked to increase transparency and
to diminish needless complexities, the
essential contribution of all members will
help us conduct the region’s capital flow
into valuable investments opportunities
globally.
On behalf of all TSE’s staff, I congratulate
FEAS 15th year anniversary.
Best regards,
On behalf of Kazakhstan Stock Exchange
I would like to congratulate FEAS on the
occasion of its 15th Anniversary and wish
further success in all its endeavors!
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