In the third quarter of 2008, the PFTS Stock Exchange will transform into a public corporation. The decision came during a general shareholder meeting of the PFTS Association on April 11, 2008.
Of 195 Association members in attendance, 177 voted in favor of the move.
The PFTS Association will own 100 percent of shares in the newly formed VAT PFTS Stock Exchange.
The PFTS reorganization will be complete in the third quarter of 2008.
The PFTS stock exchange is currently an affiliate of the PFTS Association.