FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT APRIL 2014
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 16 affiliate members in 28 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 17 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 Statute and
by laws, its annual budget and to approve its
activity and financial reports as well as the Audit
Report. The Executive Board, made up of 11
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
Chairperson.
MISSION STATEMENT
The mission of FEAS is to help create fair,
efficient and transparent market environments
among FEAS members and in their operating
regions.
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.
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: FEAS PROJECTS AND ACTIVITIES
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. FEAS ONSITE TRAINING PROGRAM
The Federation of Euro-Asian Stock Exchanges
(FEAS) launched an onsite training program
in cooperation with its members in Turkey in
2011. The primary objective of the program
is to provide participants with hands-on
experience in peer institutions after a week long
training program. The training will enable the
participants to gain insight and perspective
on different levels of the securities working
environment. Further, the participants will be
able to mingle with each other in exchanging
views and ideas. Trainees will be assigned
mentors by the sponsors during the hands-on
practice.
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.
Objective IV: Create greater recognition
and visibility for the region’s securities and
investment opportunities both locally and
internationally.
Objective V: Encourage the listing of
“investment grade” securities in the respective
home markets of the Region.
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.
CONTACT INFORMATION
As seen in the photo (from right to left)
Ms. Ege Adalioglu, Deputy Secretary General - [email protected]
Mr. Mustafa Baltaci, Secretary General - [email protected]
Ms. Aydan Bal, Coordinator - [email protected]
FEAS region
PAGE 4
E-mail [email protected]
Website www.feas.org
This section highlights the summary of
continuing programs and the activities of the
Task Forces during 2013
At the end of the program, the mentor will
conduct a report documenting the participant’s
activities and commitment whereas the fellow
will be asked to write a detailed report reflecting
the value-addedness and relevance of the
program. Each participant will be awarded
with a certificate signed both by FEAS and the
sponsoring institution.
The first group of 10 different members were
trained in Istanbul in December 2011, where
IMKB hosted and sponsored the On site
training.
The second group of 10 different members were
trained in Tehran on November 2012, where
Tehran Stock Exchange hosted and sponsered
the program.
The third Onsite Training Program was hosted
by Borsa Istanbul in Istanbul in January 2014.