KASE becomes member of World Federation of Exchanges

Kazakhstan Stock Exchange (KASE) has become a member of World Federation of Exchanges (WFE), Tengrinews reports. "The decision was made at the 53rd General Assembly of the World Federation of Exchanges on October 29, 2013 in Mexico City," the Kazakhstan exchange's official website reports. According to KASE, the awarding of WEF membership is an acknowledgment of KASE's compliance with international standards of exchange activities and generally recognized standards of quality, credibility and security of national market for international investors. The World Federation of Exchanges, formerly the Federation Internationale des Bourses de Valeurs (FIBV), or International Federation of Stock Exchanges, is the trade association of 57 publicly regulated stock, futures, and options exchanges. Its market operators are responsible for operating the key components of the financial world. It is based in Paris, France. The WFE is a central reference point for the securities industry, and for exchanges themselves. We offer member guidance in their business strategies, and in the improvement and harmonization of their management practices. Membership in WFE is considered by some governments and national associations of asset managers as a criteria for preferential investment policy and taxation for these markets. There are 2 Associates, 17 WFE Affiliates with separate professional relations, and 29 exchanges which are WFE Correspondents. KASE joined WFE as a correspondent in 1997 Then the KASE’s status was upgraded to an affiliate in 2008.