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FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT JUNE 2010FEDERATION OF EURO-ASIAN STOCK EXCHANGESSamir JaradatCEO, Securities Depository Center(SDC) of JordanSince the Securities Depository Center ofJordan became a member in the FEAS,we perceived the tremendous effortspresented for the benefit of its members;through creating transparent marketenvironment, establishing an appropriatetechnical infrastructure for enhancinglinkages among members for crossbordertrading. In addition to its majorrole in the investor education andensuring a solid legal framework. Wehope that FEAS continue makingcontributions to furthering enhancementsfor the above fields.Dr. Corneliu DoduPresident, Moldova Stock ExchangeIn connection with the celebrationof FEAS 15th year anniversary wecongratulate all the members andwish them success and prosperity.Taking into account the past stagesand accumulated experience during theexistence of FEAS, we hope that thefuture opens new opportunities, allowingto set new goals for further developmentof the FEAS.Ahmed Saleh Al-MarhoonDirector General, Muscat SecuritiesMarketWe at Muscat Securities Marketcongratulate FEAS members on theoccasion of the 15th Anniversary.During the past 15 years, the FEASwitnessed significant progress in alldimensions. Today the number of FEASmembers reached 43 representingexchanges from various continents withexchanges having vast experience andable to pass the same to othermembers.As matter of fact, the diversity of FEASgroup made the organization remarkablyunique in addressing issues that benefitless experienced exchanges throughdifferent learning programs which theFederation offers to its members.I would like to thank the President ofFEAS, Mr. Huseyin ERKAN, for hisexcellent leadership, commitment andservice to the Federation.We also extend our gratitude to FEASsecretariat for their continual assistanceand efforts towards strengthening therelations between FEAS members.Gordana Dostanic, CEOBelgrade Stock ExchangeThough Belgrade SE was not a memberof the FEAS right from the very beginningin 1995, we have been an active memberof the association for the last 6 years.Since its creation the FEAS has growninto a professionally and globallyrecognized organization which stretchesfrom Adriatic Sea to China.Past 6 years would have been much moredemanding and time consuming withoutthe constant support we receive from theFederation. The core principles in theheart of the FEAS focused on discoveringand applying best practices have easedour journey down the road of the stockmarket development. During this time wehave had an opportunity to meet andwork with some incredible people, shareexperiences and problems with our peers,and of course visit some beautiful newplaces.Perseverance, efforts and dedication topromoting the Euro-Asian region andspecially to maintaining close ties with itsmembers makes us proud to be amember of the FEAS.We wish to congratulate the FEAS on its15th anniversary. At the same time, wewould like to take this opportunity toexpress our thanks for the many years ofclose cooperation we all have enjoyed.PAGE 12
FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT JUNE 2010FEDERATION OF EURO-ASIAN STOCK EXCHANGESKadyrzhan DamitovPresident, Kazakhstan Stock ExchangeFederation of Euro-Asian StockExchanges (FEAS) is a legitimate andimportant mechanism for exchange ofideas, experience and information amongthe members that represent the marketsof Eurasia. FEAS created an environmentof trust and impartiality among themember exchanges and encouragedcloser collaboration.Since inception, the organizationremained true to its mission of developingfair, efficient and transparent marketenvironments among FEAS members.Being a part of FEAS is extremelyimportant to Kazakhstan Stock Exchangeas it opens up the door to manyinteresting international initiatives andallows to exchange ideas with othermembers.FEAS provides a forum for discussion ofvitally important issues and helps to voicethe concerns of the Euro-Asianexchanges internationally. Thanks to thehard work of this organization, themember exchanges were able to promotethemselves among internationalinvestment community and continuouslydisclose information about theirdevelopments.FEAS is located in Istanbul - the meetingpoint of Europe and Asia and the home ofTurkey's capital market and Istanbul StockExchange. Thus, referring to FEAS, it isimportant to note the enormouscontribution of Istanbul Stock Exchangeinto the creation and development of thisorganization. It takes tremendous effortsto support the work of the association ofsuch large and diverse region.On behalf of Kazakhstan Stock ExchangeI would like to congratulate FEAS on theoccasion of its 15th Anniversary and wishfurther success in all its endeavors!Dr. Yakup ErgincanCEO, Central Registry Agency Inc.As a platform that initiates long-termcooperation and promotes a continuingrelationship between stock exchanges,market infrastructures and intermediaryinstitutions FEAS played a significant rolein supporting the development of theregional capital markets in the last 15years.CRA is an affiliate member of theassociation since 2006 and in such ashort time we benefited greatly from ourcollaborations with other members.Establishing bilateral links betweeninstitutions will help all parties indeveloping efficient post-tradeinfrastructures that serve settlementparticipants and investors alike.As a member of the FEAS Affiliate TaskForce we are determined to contribute tojoint efforts by bringing our expertise andtechnological know-how in post-tradeindustry and improve the level of posttradeservices at both national andinternational level.In addition to working groups, FEASorganizations such as the bilateralexchange program, joint seminars andtraining programs are not only useful butnecessary for the member institutions tokeep up pace with the rapidly changingglobal financial environment. We wouldlike to thank the management and staff ofthe general secretariat, and all memberorganizations for their hard work andcooperation in helping us reach that goal.Hassan Ghalibaf AslCEO & President, Tehran StockExchangeFEAS Secretariat,I am specially pleased to have the honorof sending my greetings to all those whohave contributed during the past years forestablishing and developing FEAS.For Tehran Stock Exchange, as a cofounderof the federation, it is particularlygratifying to observe FEAS as anincreasingly more significant entity in theinternational capital market.We should all feel happy to be a memberof Exchanges, whose stabilizing roleduring the recent financial crisis wasappreciated; however, as more effortswere asked to increase transparency andto diminish needless complexities, theessential contribution of all members willhelp us conduct the region’s capital flowinto valuable investments opportunitiesglobally.On behalf of all TSE’s staff, I congratulateFEAS 15th year anniversary.Best regards,PAGE 13
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