Osmolovsky: Interest in Stock Trading is Growing

Minsk hosts the jubilee meeting of the member organizations of the International Association of Stock Exchanges.

The event brought together heads of commodity and currency stock exchanges in Europe, Asia and Africa, representatives of antimonopoly authorities of Belarus and Russia, experts of the Eurasian Economic Commission, specialists in economics, finance and e-commerce. The platform for dialog and contracting is the Belarusian Universal Commodity Exchange (BUCE).

"E-commerce is growing all over the world. Exchange trading is one of the varieties of electronic commerce. And there is more and more interest in it," said Alexander Osmolovsky - Chairman of the Board of the Belarusian Universal Commodity Exchange. - The point is that exchange trading is not just electronic platforms where transactions are made. It is, first of all, a mechanism enabling to determine the market value of goods, to increase their margins for export sales and, most importantly, makes this mechanism of transactions transparent and fair. Therefore, interest in exchange trading is growing. If we even look at the figures for the growth of commodity turnover at the exchange trades of the Belarusian Universal Commodity Exchange, we will see that last year the growth amounted to more than 150%."