Jordan Times
Thursday, July 15, 2004
World Federation of Exchanges accepts Amman Stock Exchange as affiliate member
AMMAN, July 15 (JT) — The World Federation of
Exchanges (WFE) accepted Amman Stock Exchange (ASE) as affiliate member, ASE
Chief Executive Officer Jalil Tarif said on Wednesday.
Tarif indicated that the decision was taken in recognition of the development of
the country's financial institutions. “Membership of the World Federation of
Exchanges is a criterion for many national regulators and asset management
institutions to allow privileged access for investment,” Tarif said.
Membership of the WFE identifies an exchange as having assumed the commitment to
prescribed business standards, recognized as such by members, owners, and users
of exchanges, as well as by regulators and supervisory bodies. The WFE is the
trade organization for regulated securities and derivative markets, settlement
institutions and related clearing houses, and their diverse services to capital
markets.