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Source: Thomson Reuters.   Last updated on Feb 17, 2019 at 17:06PM (UTC).   Delayed by at least 15 minutes.
WFE Membership Verification Committee Concludes its Visit to Palestine
Feb 10, 2016
The two days on-site visit was concluded on Wednesday February 10. It aimed at verifying the possibility to upgrade the membership of the Palestine Exchange (PEX) to full membership status within the World federation of Exchanges (WFE) based on the application submitted by PEX in August 2015. The committee is expected to present its recommendation to the WFE board of directors in their next meeting in Shanghai in June of this year. The verification committee consisted of Ms. Nandini Sukumar, Chief Executive Officer of WFE, Mr. Meyer Frucher- Vice Chairman of Nasdaq OMX and Mr. Sunil Benimadhu- Chief Executive Officer of Mauritius stock Exchange.
 
The on-site visit included meetings with PEX officials, the minister of national economy, the Palestine Capital Market Authority officials, the governor of the Palestine Monetary Authority, and other stakeholders of Palestine securities sector to have a closer insight into the Palestinian Economy, the financial sector and its regulatory infrastructure.
 
Mr. Ahmad Aweidah, CEO of PEX, said that WFE membership is an important signal for international investors. PEX is an affiliate member since 2011 and full membership is one of our strategic goals.
 
The London-based WFE is a global trade association, representing 64 public stock, futures and options exchanges, and central clearing counterparties, including Euronext, Intercontinental Exchange, Nasdaq, TMX Group, Deutsche Borse, CBOE Holdings and CME Group. More than 45,000 companies, representing a combined market capitalization of $63 trillion, list on WFE exchanges.

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