uzex

Uzbek Commodity Exchange was established as an open joint stock company and was registered by Ministry of Justice of the Republic of Uzbekistan in 1994. The Exchange is known as the Uzbek Commodity Exchange and is abbreviated as UzEx. Nowadays the UzEx is the biggest trading platform in Central Asia and dynamically developing commodity exchange among CIS countries. Governance structure • Supreme body – general meeting of UzEx stockholders. • Management body - Supervisory board of UzEx • Executive body – Directorate of UzEx Exchange trades on the UzEx are based on the principles of transparency, publicity and provision for customers the equal competitive conditions to participate at the trades. According to the exchange trade rules, all participants of the trades have equal rights and duties regardless of their status whether they are residents or nonresidents of the republic. The UzEx plays a significant role in providing equitable access of national and foreign companies to highly liquid commodity assets produced in the country, so for example, ferrous and nonferrous metals, petroleum products, cotton fiber and cotton processing products, fertilizers, sugar, wheat flour, corn and much more. The UzEx is located in the capital of Uzbekistan in Tashkent. It has an extensive trade infrastructure. It has 13 branches in all regional centers of the country. At present time more than 100 trading platforms and 700 brokerages provide stock services to clients. Trade technologies Four trading platforms are functioning in the Exchange. • Electronic exchange trading system (automated electronic trading system for collecting and satisfaction the requests for conclusion of transactions with trading tools). • Electronic trading system of texhibition and fair trades Exchange trades Operates on the basis of EETS - electronic exchange trading system. For trades systematically exhibited products with similar standard properties interchangeable with the same good