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Vladislav Streltsov Elected Chairman Of Association Of Futures Markets (AFM)

Date 26/03/2003

Vladislav Streltsov, Acting President of the RTS Stock Exchange, was unanimously elected Chairman of the Association of Futures Markets (AFM) at the General Assembly of the organization held during an AFM annual international conference in Moscow.

In his opening remarks, Mr. Streltsov pointed out the growing interest to the RTS Derivatives market FORTS on the part of foreign investors and international futures and options market professionals. "Our current and potential partners' attention to what is happening on Russian derivatives market was the determining factor in Association's decision to hold the forum in Russian capital, with the support of the RTS Stock Exchange", - stressed Mr. Streltsov. In his opinion, AFM Moscow conference will help RTS make an important step towards its further integration into the world futures and options industry.

During two days of roundtable discussions, the leading market professionals, regulators and experts in the field of derivatives shared their experiences and exchanged views on market conditions in their countries, discussed the issues of clearing, information dissemination, 'exotic' derivatives trading and information dissemination aspects.

The Association of Futures Markets (AFM) is an international organization which main objective is to promote communication between futures and options market professionals worldwide. Moscow conference was attended by representatives of Swiss Futures and Markets Association, Romanian Commodities Exchange, Securities Exchange South Africa, Hungarian Stock Exchange, Chicago Mercantile Exchange, UNCTAD, and other prominent organizations and companies.