On February 2, 2011 RTS Stock Exchange was granted the status of an Observer Member in the Federation of European Securities Exchanges (FESE).
As part of the Observer Membership RTS Stock Exchange will be entitled to the direct access to FESE’s information services including alerts on all EU consultations (EU Commission, EU Parliament, European Securities Market Authority and the European Central Bank) as well as to the possibility to participate in bilateral meetings aimed at sharing of experience and cooperation with European partners and regulators agencies.
‘RTS’s status of Observer Member will allow Russian market to get access to the best practices and expertise in regulation of financial markets, on-exchange and post-trading infrastructure’, comments Andrey Salaschenko, Director of Department of Interaction with Authorities and Organizations at OJSC RTS.
46 stock, derivatives and commodities exchanges from 30 countries are the members of FESE. Over 8,800 companies were listed on all these exchanges by the end of 2010.
FESE is guided by the following overarching objectives:
- fostering the global competitiveness of European exchanges,
- promoting securities exchange industry and its contribution to the European and global economy,
- developing open dialog, interaction and cooperation between FESE members.
The Federation of European Securities Exchanges (FESE) represents 46 exchanges in equities, bonds,derivatives and commodities through 21 full members from 30 countries, as well as 7 Corresponding Members from European emerging markets. FESE is a keen defender of the Internal Market and many of its members have become multi-jurisdictional exchanges, providing market access across multiple investor communities.