FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT APRIL 2011
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ORGANIZATION
The Federation of Euro-Asian Stock Exchanges
(FEAS) was established with its head quarters
in Istanbul on 16 May 1995 with 12 founding
members, and it has grown to 34 members
and 13 affiliate members in 30 countries as a
not-for-profit organization. Membership in the
Federation is open to exchanges in Europe and
Asia as affiliate membership is available for
post trade institutions and dealer associations
in the same region.
The governing body of FEAS is the General
Assembly, comprised of all 34 member
exchanges and 13 affiliate members. The
Assembly meets once annually in a member
country to discuss major issues concerning the
operations of FEAS. The purpose of the
meeting is to decide upon changes in the
Charter and by laws, its annual budget and to
approve its activity and financial reports as well
as the Audit Report. The Executive Committee,
made up of 12 members, is responsible for the
development of Federation policies, making
major administrative decisions, as mandated
by the General Assembly, approving the
content and scope of tasks assigned to the
Working Committee, and making
recommendations to the General Assembly.
The administration of the Federation is
entrusted to the Secretary General, who is
appointed by the General Assembly and whose
office is situated at the headquarters of the
Federation. Secretary General reports directly
to the President.
MISSION STATEMENT
The mission of FEAS is to help create fair, efficient
and transparent market environments among
FEAS members and in their operating regions. Objective IV: Create greater recognition and
visibility for the region’s securities and
investment opportunities both locally and
internationally.
FEAS aims to minimize barriers to trade through
the adoption of best practices for listing, trading
and settlement. Federation also supports
promoting linkages among members for cross-
border trading. Objective V: Encourage the listing of
“investment grade” securities in the respective
Home markets of the Region.
In accordance with the Mission Statement, 5-year
Strategic Objectives are set up to ensure
compliance with the long term mission of the
Federation. These objectives are:
Objective I: Promote good “corporate
governance” for exchanges, brokerage
companies and listed companies. Facilitate
timely disclosure of material events to achieve
transparency through effective dissemination of
information.
Objective II: Encourage convergence among
FEAS Members in their: listing requirements,
trading rules technical infrastructure and
settlement cycle.
Objective III: Promote mechanisms for
reliable, transparent and uninterrupted
securities trading and settlement.
CONTACT INFORMATION
As seen in the photo (from left to right)
Ms. Ege Adalioglu, Deputy Secretary General - [email protected]
Mr. Mustafa Baltaci, Secretary General – [email protected]
Mrs. Susan Gogus, Deputy Secretary General - [email protected]
Ms. Aydan Bal, Coordinator - [email protected]
FEAS region
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E-mail [email protected]
Website www.feas.org
Objective VI: Encourage foreign investor
participation in Member Markets
Objective VII: Promote linkages among the
Region’s: intermediaries, data vendors,
settlement and custody institutions, exchanges;
and also encourage cooperation among
Region’s Regulators.
Objective VIII: Promote and encourage
research activities and training for FEAS
Members and their personnel.
Objective IX: Assist Members of FEAS to
increase financial literacy through public
awareness.