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Stock Market Commission to soon issue licenses to two more commodity exchanges – head
KYIV. Nov 9 (Interfax-Ukraine) – The number of licensed commodity exchanges in Ukraine will soon double: two more platforms will be added to the Ukrainian Energy Exchange (UEEX) and the Ukrainian Universal Exchange (UUB), Head of the National Securities and Stock Market Commission Ruslan Magomedov has said.
"Now there are two platforms, and we expect that soon two more exchanges will receive licenses to trade on the commodity market," the press service of the regulator quoted Magomedov from a meeting of the subcommittee on the capital market, other regulated markets, securities and derivatives of the profile parliamentary committee.
The head of the National Securities and Stock Market Commission said that the spot market will help create new financial instruments, hedge risks in the capital market.
As reported, the Ukrainian Interbank Currency Exchange (UICE) and the Ukrainian Exchange (UX) announced their intention to expand their activities to trade in goods. The relevant issues were approved at the meetings of shareholders of both platforms.
According to the new law on the capital market that came into force on July 1, 2021 (on the simplification of attracting investments and the introduction of new financial instruments, No. 738-IX), all commodity exchanges shall obtain a license from the National Securities and Stock Market Commission.
