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Bürgenstock
Meeting
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22nd Bürgenstock Meeting
Special emerging markets
forum,
Thursday, September 6, 2001
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The special emerging markets forums
organised last two years were well received by the world
of futures exchanges. Accordingly the 22nd edition of the
Bürgenstock meeting will host a special forum organised
by UNCTAD, dedicated to the necessary background for building
successful futures exchanges. This programme is reproduced
below.
During Bürgenstock, the Association
of Futures Markets (the AFM, which gathers, amongst others,
several emerging exchanges in Eastern Europe, Asia and Africa)
will also held its general assembly. Moreover, the Bürgenstock
meeting will emphasize emerging exchanges, as the Bolsa
de Mercadorias y Futuros of Brasil (one of the success stories
of the development of an emerging futures exchange which
now trades the same volume of contracts as developed exchanges)
is the special guest.
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| Mr. Rubens Ricupero, Secretary General
of UNCTAD, will open the special forum. Commodity risk management
is one of the fields in which UNCTAD holds internationally
recognised expertise. Last year, UNCTAD's contribution to
the development of emerging markets was highlighted by Mr.
Ricupero in a statement at the Second Emerging Market International
Fair in Geneva (see his statement). |
Provisional programme of the emerging markets forum,
September 6, 2001
| 08:30 - 10:00 "Getting Ready for Derivatives"
Part I - regulatory set-up and practical experiences |
Gergely Horvath-AFM |
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| 10:30 - 12:00 "Getting ready for Derivatives"
Part II - technological challenges |
One of the Brazilian Directors |
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| 14:00 - 15:30 "Getting ready for Derivatives"
Part III - Educational Needs/Possibilities |
John Tierney
Urs Schneider |
Document realised by UNCTAD Secretariat for this event:
COMMODITY EXCHANGES IN A GLOBALISED
ECONOMY 
(110 Kb)
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«[...]Another
area where UNCTAD is having a good cooperation with the Swiss
private sector is the area of commodity risk management. UNCTAD
has developed an internationally recognized expertise on commodity
risk management. And most recently UNCTAD has established contact
with the Swiss Futures and Options Association, which has invited
us to organize and chair a special roundtable on emerging derivatives
markets at the Annual Bürgenstock Meeting last September. This
also opens further cooperation opportunities with our Swiss
partners on commodity risk management and added-value information
on commodity exchanges.»,
quoted from a statement by Rubens
Ricupero , Secretary-General of UNCTAD at "The second Emerging
Markets International Fair, EMA 2000", 19 September 2000.
Full statement:
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The SFOA
Bürgenstock Meeting is considered as one of the most important international
forum for derivative markets in which entities involved in the derivatives'
industry (including international regulators) are represented at
the highest level.
In 2000, the organizers of the meeting, the Swiss Futures and Options
Association (SFOA), invited the United Nations Conference on Trade
and Development (UNCTAD) to organize, for the second time, a special
emerging market forum. Two segments on "the Future of the Cash and
Derivative Markets in Central and Eastern Europe" and "Major Problems
Encountered by Emerging Exchanges and Solutions Envisaged" examined
the main barriers that the exchanges are experiencing at a time
of extremely rapid change. Indeed, most of the emerging exchanges
in developing countries and economies in transition have been created
in the last ten years. Therefore, it
is important for them to exchange information and experiences. Selected
papers prepared by the participants of the 2000 edition are available
below in Acrobat (.pdf) or MS Word (.doc) format.
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Welcome to participants of the "emerging
exchanges session" by Mr. Megzari, Deputy Director DITC, Head
of the Commodities Branch, UNCTAD.
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"Commodity exchanges around the world",
by the Unctad Secretariat
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| "Role played
by risk management and clearing systems in the economy of Futures
exchanges and ECN's", by J.F. Casanova, KPMG |
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| Association of Futures
Markets, by Krisztina Kasza, AFM |
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| Bolsa de Mercadorias
& Futuros, by J.L. Amaral, BM&F |
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| Romanian Commodity
exchange, by D. Veselinovic, BRM |
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| South African Futures
Exchange, by R.M. Gravelet-Blondin, SAFEX |
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| "Web to Wap:
For a real start of the new millenium", by J. Roche, UNCTAD |
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| "The global trading
village, mutual benefits for the international online trading community
and developing countries", by J. Roche, UNCTAD |
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