A Memorandum on the creation of a universal hub for capital and commodity markets was signed

Today, on June 8, 2021, Memorandum of Understanding between the Government of Ukraine, the European Bank for Reconstruction and Development, the American Chamber of Commerce in Ukraine and the US Agency for International Development to establish a national mechanism for exchange trading in capital markets and organized commodity markets was signed.

The idea of ​​creating an universal hub for energy in Ukraine, agricultural and financial assets NEXT UKRAINE (National Capital and Commodity Exchange) is a new stage in the life of the Ukrainian financial system, which involves the integration of a new platform into the architecture of existing market infrastructure.

“Currently, we are talking about an agreement to create a framework for further cooperation of all stakeholders in the process and further development of the forms and essence of a universal hub adapted to Ukrainian market realities,” – Ruslan Mahomedov, Chairman of the NSSMC, said.

In the future, such a project may provide market participants the opportunity to hedge their risks by trading derivatives, which will be of great benefit to both Ukrainian and international manufacturers and traders.

The NEXT project will provide a flawless legal structure, modern structural units and effective regulation by relevant state institutions. Regulatory supervision, cooperation and the latest technologies are the key to the rhythmic and transparent functioning of markets.

“I am confident that after the completion of the feasibility study, all parties to the project will have much more in-depth information on the prospects and possible forms of implementation of this project,” – the Chairman of the NSSMC added.