Tuesday, December 21, 2010

MEX Nepal gets membership of SAFE

Mercantile Exchange Nepal Ltd (MEX Nepal) -- the only ISO 9001:2008 certified commodity exchange -- is affiliated with South Asian Federation of Exchanges (SAFE) under the affiliate membership.

"The membership with SAFE is a result of continuous support from Securities Board of Nepal (Sebon) and Nepal Stock Exchange (Nepse)," according to the MEX Nepal that is the first commodity exchange in Nepal to get such an affiliation.

"Our affiliation with SAFE shows our services and parameters are equal to global standards," it claimed.

SAFE is a forum of 24 member entities of South Asian Region, UAE and Mauritius. The federation has provided a platform to share, exchange and promote the technologies, experiences for the rapid growth and development of capital market and work towards the regional as well as global integration.

On November 5-8, the SAFE has organised a SAFE Executive Leadership Forum meeting in Tashkent, Uzbekistan.

The programme featured a mix of lectures and case studies to be delivered by highly accomplished leaders both from the academic and corporate sector having education and training from institutions like Harvard, Yale, LSE and Wales.

Besides the high class training, it had also exposed the participants to the rich cultural and historical landscape of Tashkent.

Similarly, SAFE held its third conference on April 22 in Balaclava, Mauritius.

The event hosted by MCX Stock Exchange (India) and Global Board of Trade (GBOT) Mauritius was attended by Adnan Afridi, chairman of SAFE and more than 100 prominent experts from the financial markets and from exchanges of the South Asian region. A ten-member delegation led by Nepse chairman Tanka Prasad Paneru took part in the third SAFE conference.

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