Mission and objectives
The Ukrainian Resource Exchange was established during the start of modernization processes in Ukraine and raising the standards of activity of organized commodity markets due to the entry into force of the Law of Ukraine “On Capital Markets and Organized Commodity Markets” and the Law of Ukraine “On Commodity Exchanges”.
From the very beginning of the Ukrainian Resource Exchange its participants have focused on the introduction of modern technologies of electronic trading systems of organized markets, full use of electronic document flow at conclusion of exchange transactions (exchange agreements) and their execution, application of corporate governance standards in professional participants of capital markets and organized commodity markets.
Therefore, specialists with many years of experience in the Ukrainian stock market and its exchange segment have been elected to key positions in the management bodies and internal control system of the Ukrainian Resource Exchange.
The mission of the Ukrainian Resource Exchange is to create a reliable, technological, efficient and competitive organized market of timber, agricultural products, fuel and energy resources, raw materials, metals and other types of exchange commodities.
To realize the defined mission the Ukrainian Resource Exchange performs the following tasks:
- development and implementation of non-discretionary rules and technologies of exchange transactions conclusion, aimed at transparent and competitive pricing of exchange goods;
- creation of a reliable system of settlements under concluded exchange agreements, mechanisms of guaranteeing and risk management;
- identification and regulation of exchange prices, ensuring an appropriate level of liquidity in the market of exchange-traded goods admitted to trading on the exchange;
- expanding the range of exchange-traded commodities and introducing new exchange-traded commodity market instruments;
- creating hedging opportunities for trading participant against unfavorable price fluctuations through the market organization of government contracts on the exchange;
- ensuring transparency of the exchange market by creating a clear system of exchange information disclosure;
- implementation of an innovative clearing organization model;
- minimization of trading risks through a system of financial guarantees and control;
- regulation of settlements according to unified and mandatory rules for all participants;
- ensuring fair pricing through transparent settlement standards;
- monitoring the solvency of trading participants and administration of margin requirements and guarantee collateral.
The principles of operation of the Ukrainian Resource Exchange are based on international standards and legal requirements, ensuring reliability, security, and efficiency.
The Ukrainian Resource Exchange is guided by the following fundamental principles:
- Legality and Rule of Law: Compliance with current legislation, regulatory norms, standards, and legal procedures, ensuring legal protection for all trading participants.
- Transparency and Openness: Creation of equal conditions and unified rules for all trading participants. Open access to information on trading rules, exchange quotations, session schedules, and statistical data.
- Reliability and Security: A high level of legal and financial protection. Use of modern transaction guarantee mechanisms (clearing, guarantee contributions). Ensuring the functioning of the internal control system. Thorough verification of trading participants, monitoring of obligation fulfillment, and minimization of financial risks.
- Efficiency: Creation of optimal conditions for the rapid growth of trade turnover and strengthening the investment potential of Ukraine.
- Confidentiality and Data Protection: Reliable protection of trade secrets, personal data, and trading strategies.
- Technology and Innovation: Use of modern electronic trading systems that ensure uninterrupted operation, speed, and convenience of transactions.
- Partnership: Cooperation and mutually beneficial relations with market participants, government institutions, and investors. Creation of a predictable and favorable market environment for everyone.