Association of Futures Markets (AFM) defined key factors to keep market positions
05/06/2021
May 6, 2021, BUCE representatives took part in Open Online-Forum of AFM’s members. Leading exchanges of the world – members of AFM shared results of their efforts to hold on market positions within pandemic during the past year.
Program of the event included presentations from representatives of EURONEXT (France), IRGIT и TGE (Poland), KELER CCP (Hungary), Thailand Futures Exchange (Thailand), STT и JSE (SAR), Nairobi Securities Exchange (Kenya), ACE Africa (Malavi), Uzbek Commodity Exchange.
First Deputy Chairman of the Board Andrei Novikov made an overall report about achievements of Belarusian Universal Commodity Exchange JSC (BUCE). He particularly mentioned significant expansion of Belarusian-made goods export geography, like sawn timber, cement, rapeseed oil, dairy, beet pulp and molasses, flour and grain, raw hides. Domestic market trades showed stable growth with such positions as coal, feed additives, meat, plant protection products, sowing seeds and etc.
Total sum of exchange transactions for the period of January – April 2021 amounted to 950.73 mln USD, which is 1.4 times more comparing to the same period of 2020. Share of export transactions amounted to 226.89 mln USD, which is 1.8 times more comparing to the same period of the past year. As of May 1, 2021 BUCE has 25 840 registered companies and 5 140 from them are non-residents from 63 countries.
Important event for BUCE was compliance certification of Exchange’s quality management and information security systems with ISO 9001 and ISO 27001 standards in February 2021.
Online-Forum participants had agreed that key factors to keep sustainability to external factors and retain productivity growth are flexibility and adaptivity to new conditions, as well as ability to see opportunities and openness for implementing modern information technologies. By following these principles BUCE managed to retain exchange volume in the past year and significantly increase it from the beginning of this year.
For reference.
Association of Future Markets (AFM) was founded in 1998 as an initiative of 10 founder exchanges: Budapest Commodity Exchange, Central Clearing House and Depository of Budapest, Romanian Commodities Exchange, Buenos Aires Futures Exchange, Amsterdam Commodity Exchange, South African Futures Exchange, Warsaw Commodity Exchange and Malaysian Derivatives Exchange.
The prime objective of the Association is to promote and encourage the establishment of new derivative and related markets and to organize international conferences in order to promote communication among members, to strengthen their relationship and to transfer information and experience among them. At the moment 29 exchanges and exchange organizations from 20 countries are full members of AFM.
BUCE joined AFM in 2011.