Spyros Kapralos on Wednesday was re-elected president of the Federation of European Stock Exchanges (FESE) for a second term, after a unanimous vote of the general assembly in Brussels.
Michael Ball, chief executive of the Vienna Stock Exchange, was also elected as vice-president of FESE, replacing Franck Gerstenlager.
Kapralos, president of the Athens Stock Exchange, who began his term in June 2008, referred after completion of the voting to a “special honor for me and our country … I believe the opportunity is given to me to continue efforts for an effective revision of MiFID, a project aimed at strengthening transparency in transactions and improving quality of services and information offered to investors throughout Europe. It is of particular importance for all FESE members to deal effectively intensifying competition in organized markets from increased out-of-the-market transactions and to strengthen inspection by supervisory authorities, mainly of non-supervised transaction platforms.
“This day also important for another reason: After my positive recommendation, the Istanbul Stock Exchange was accepted as a member of FESE, a significant step for the Federation of European Stock Exchanges”.
FESE represents 42 stock exchanges, bond, derivatives and products markets form the EU and emerging European markets.
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