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20 april AgroPromService joined the exchange platform for trading grains.
AgroPromService joined the exchange platform for trading grains.
In 2014, CJSC "National Commodity Exchange" started a large-scale project "Grain market" within the framework of the general activity of the Moscow Bourse Group. In the framework of the project, it is planned to organize exchange trades in grain crops. A new unique technology of bidding, clearing and logistics services has been developed, marketing research among market participants has been carried out, documentation preparation, development and testing of the trade and information system are in progress.
In 2015, it is planned to launch trades in derivative financial instruments (exchange forward contracts - when trading starts and swaps - as part of the development of the project). The project provides for clearing with a central counterparty based on the results of trades, as well as delivery of goods (the basic asset of forward contracts) from the seller to the buyer.
June 9, 2015, within the framework of the annual "XVI International Grain Round" (Gelendzhik), a Memorandum of Understanding and Cooperation was signed within the framework of the "Grain Exchange Market" project.
The Memorandum was signed by representatives of the CJSC National Merchandise Exchange, the Russian Grain Union (RZS), United Grain Company (OZK) and Rusagrotrans. Proposals for accession to this Memorandum have been sent to a number of organizations from among government agencies and commercial organizations.