FEAS Secretary-General visits Uzbekistan
12/06/2010 00:56
FEAS Secretary-General visits Uzbekistan
12/06/2010 00:56
Tashkent, Uzbekistan (UzDaily.com) -- Secretary-General of Federation of Euro-Asian Stock Exchanges (FEAS) Aril Seren paid an official visit to the Uzbekistan Stock Exchange Tashkent (UzSE) on 9 June.
The visit was aimed at further developing mutual beneficial cooperation within the FEAS activity. UzSE is full-fledged member of the FEAS.
During the meeting, the sides considered issues of collaboration between the UzSE and FEAS. The sides agreed to boost information exchange and participation of the UZSE in FEAS activities.
Aril Serel underlined that Uzbekistan can and should play important role in the Central Asian stock market. He added that Uzbekistan plays important geopolitical and economic role in the region.
The Federation of Euro-Asian Stock Exchanges (FEAS) was established on 16 May 1995 with 12 founding members; currently there are 33 members and 12 affiliate members, including both post trade institutions and dealers associations. Membership in the Federation is open to emerging stock exchanges in Europe and Asia.
The mission of FEAS is to help create fair, efficient and transparent market environments among FEAS members and their operating regions. FEAS aims to minimize barriers to trade through the adoption of best practices for listing trading and settlement and by promoting linkages among members for cross-border trading.
FEAS organizes various training, seminars, and meetings for specialists of securities markets. Seren invited Uzbek exchange, depositories, clearing companies and others to participate at these events.
After the negotiations, Aril Seren familiarized with the exchange. Aril Seren earlier visited UzSE in 1996 and since then the exchange changed trade software and technology, which allow to provide market participants across Uzbekistan information about trades shares and issuers.
UzSE underlined that it pays great attention to strengthening international relations with the foreign partners. The exchange is also member of International Association of the CIS Exchanges.
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