FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2010
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
As of December 2009, the number of traded
companies in FEAS member markets
reached a regional total of 10,261, and
market capitalization reached US$ 756,336.7
million showing an increase of US$
196,385.7 million or 35.1% over 2008.
Aril Seren
Secretary General of FEAS
2009 MARKET ACTIVITY IN THE REGION
The FEAS Region contains 33 member
exchanges and 12 affiliate members
(represented by clearing and settlement
institutions) in 29 countries.
As of December 2009, the number of traded
companies in FEAS member markets reached
a regional total of 10,261, and market
capitalization reached US$ 756,336.7 million
showing an increase of US$ 196,385.7 million
or 35.1% over 2008. The FEAS region over the
last 5 years has grown consistently with a break
in that pattern in 2008 due to the global crisis.
We can see that the effects of the crises were
more strongly felt in 2009 as compared to 2008.
Despite this fact we can see growth in volumes
in share trading and the Other category.
2010 CALENDAR OF MEETINGS
FEAS 3rd Media Relations Workshop
Date: 19-20 January 2010
Host: FEAS
Place: FEAS TC, Istanbul
FEAS Corporate Governance Workshop
Date: 21 January 2010
Host: FEAS
Place: FEAS TC, Istanbul
9.1% decrease from the same period last year.
The regional figures show a shift in trading from
Stocks to Bonds and Other, the “Other” trading
segment continues to be ranked first as the
most popular trading segment within the region.
Other volume is made up by such instruments
as t-bills, currency, repo/reverse repo and
derivatives.
Int’l Conference on Global Regulations
Date: 11 May 2010
Host: TSPAKB
Place: Istanbul, Turkey Zagreb 20th Annual Conference
Date: October 2010
Host: Zagreb SE
Place: Novigrad, Croatia
FEAS Working Committee Meeting, 20th
Executive Committee Meeting and Seminar
Date: 19-20 May 2010
Host: Amman Stock Exchange
Place: Amman, Jordan FEAS Working Committee Meeting
Date: 7 December 2010
Host: Zagreb SE
Place: Istanbul, Turkey
FEAS Training Data Management Strategy
Date: 21 May 2010
Host: FEAS/Amman Stock Exchange
Place: Amman, Jordan
FEAS UNPRI Conference
Date: 22 January 2010
Host: Istanbul Stock Exchange
Place: Istanbul Stock Exchange
11th Annual Conference of the Macedonian
Stock Exchange
Date: 29 April-1 May 2010
Host: Macedonian Stock Exchange
Place: Ohrid, Macedonia
FEAS REGION
2009-MARKET CAPITALIZATION
VS STOCK VOLUME
(US$ millions)
800,000 70,000
700,000 60,000
600,000 50,000
500,000
*The 5-year statistical comparison shows that
markets are providing stronger listings with
greater transparency, and that market forces
continue to push toward issuer quality versus
material privatization quantity. The trading
volumes in the stock segment continued to
grow over the last 5 years with a 42.1%
increase in 2009 in terms of number of shares
traded. The Bonds segment displayed by year-
end 2009 relative weakness in both dollar and
absolute volume terms among the three trading
segments (Stocks, Bonds, Other) showing a -
27.1% decrease in the dollar trading volume
and a -40.9% decrease in volume in numerical
terms as compared to 2008. Turnover in the
Other segment is also reflecting the current
economic woes that are being experienced
around the world but to a lesser degree with an
40,000
400,000
Banja Luka Annual Conference
Date: May 2010
Host: Banja Luka SE
Place: Banja Luka, Bosnia
SASE 5th Annual Conference
Date: October 2010
Host: Sarajevo SE
Place: Sarajevo, Bosnia
200,000 20,000
100,000 10,000
0
0
J
F M A M J
Market Cap.
J A S O N D
Monthly Stock Volume
* For individual member statistics, please go to the Member
Profile sections in the following pages
FEAS 21th Executive Committee Meeting
Date: 8 December 2010
Host: Istanbul Stock Exchange
Place: Istanbul, Turkey
FEAS 16th Annual General Assembly
Date: 8 December 2010
Host: Istanbul Stock Exchange
Place: Istanbul, Turkey
Int’l Conference hosted by ISE in conjunction
with FEAS Exhibit and 15th Anniversary
Celebrations
Date: 9-10 December 2010
Place: Istanbul, Turkey
FEAS REGION
2009-MONTHLY VOLUME
(US$ millions) FEAS REGION
5-YEAR VOLUME COMPARISON
(US$ millions)
200,000 2,500,000
2,000,000
150,000
1,500,000
100,000
30,000
300,000
In addition, the development in the FEAS
markets can be seen through results in the
adjusted annualized return on member indices.
1,000,000
50,000
500,000
0
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Stocks
Bonds
Other
2005
Stocks
2006
2007
Bonds
2008
2009 YE
Other
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