The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has announced that Astana International Exchange has passed the WFE’s inspection procedures and has qualified to join as a full member.

Members voting at the WFE’s 60th General Assembly unanimously approved AIX’s admission. AIX will become a WFE member this month.

Nandini Sukumar, CEO, the WFE said: “We are delighted to welcome AIX to WFE membership. Our criteria, process and inspection is a stringent one involving an assessment of the market structure and the regulatory framework in which it sits, discussions with stakeholders in the national jurisdiction, a peer review process and an inspection. AIX joins 68 other exchanges and CCPs around the world that have met WFE standards as laid out in our principles for exchanges.”

Renat Bekturov, CEO of AIX, commented: “We are delighted to be welcomed within the global community of exchanges. This membership is a recognition of the AIX as a market place which meets the highest standards of leading global bourses and plays a vital role in developing an innovative and vibrant local capital market.”