ETS informed on creation of Exchange Association of Kazakhstan

/KASE, November 23, 10/ - The Commodity Exchange Eurasian Trading System (ETS) provided to KASE the following press release: quotation starts On November 19, 2010, was held the constituent assembly of Kazakhstan Exchange Association, where it was decided to create the mentioned association. Its founders include the Commodity Exchange Eurasian Trading System, the Universal Commodity Exchange Astana, Kazakh-Tajik Grain Association and Тorino-06. The association goals include forming and development of organized markets in Kazakhstan and the following objectives: - advocacy of Association members interests in compliance with the Association goal; - facilitation of development and improvement of exchange activities regulation system; - development and adoption of norms, rules and standards of exchange operation implementation, ensuring efficient activities on the organized markets; - setting ethical norms of professional behavior on the organized markets and forming of organized markets professional participants community; - development practical interaction between Association members and their joint efforts to implement joint business projects; - advocacy of Association members interests through participation in legal documents development related top organized markets development and regulation; - support of the most perspective organized markets areas and development projects. Exchanges, brokers, dealers, acting based on the license in compliance with the legislation of the Republic of Kazakhstan may become the Association members. For editors: Regional Financial Center of Almaty (RFCA) and Stock Exchange Russian Trading System have established the Commodity Exchange Eurasian Trading System (ETS) in 2008 in Almaty. The stake of RTS in the authorized capital makes up 60%, RFCA - 40%. The Commodity Exchange is oriented towards spot and futures trades. ETS trades participants are end users of products, commodity and stock brokers are market participants of Russia and Kazakhstan. quotation ends According to explanations, received by KASE from Chingiz Kanapyanov, Deputy Chairman of the Agency of the Republic of Kazakhstan on Regulation of Activities of the Regional Financial Center of Almaty, the Association joined commodity markets participants (commodity exchanges and their brokers), whose activities are regulated and licensed by the Ministry of Economic development and Trade of the Republic of Kazakhstan and the Trades Committee of the Ministry of Economic development and Trade of the Republic of Kazakhstan. At the first meeting it was decided to invite KASE to join the Association. [2010-11-23]