Belarus prepares to introduce futures contracts for supplies

Baku, Fineko/ Belarus keeps on liberalization of exchange activity on raw commodities, launched in 2008.

Sergey Moyseychik, the head of the Methodology & Perspective Development Department of the Belarusian Universal Commodity Exchange (BUCE), said yesterday in Baku that the BUCE management agreed with development program for 2011-15.

"Within this framework it is planned to introduce stock market indices, especially for metals, which Belarus imports fully. We consider the stock indices as the basis for the introduction of futures contracts. The legislation allows us to be organizers of futures trading," Moyseychik said.

Currently BUCE acts on a spot basis. At that, export sales of roundwood from Belarus should be carried out strictly through exchange contracts. Minimum contract size is 20 tons.

"The Development Program to be endorsed also implies opening of BUCE offices abroad. Now the BUCE has an office in Moscow, but we are preparing to open our offices in Vilnius, Kiev and one of the cities of Germany," Moyseychik said.

The BUCE is a member of the Trade Committee of the International Association of Exchanges of the CIS.


Share |

Partners: Social Network