Professional activity in organized commodity markets is the activity of joint stock companies, limited liability companies, or additional liability companies providing services related to organizing trade in products and/or organizing the entering into derivative contracts on commodity exchanges.
Professional activities related to the organization of trading in organized markets are carried out by a business entity subject to obtaining a license to conduct the relevant type of activity within the scope of professional activities related to the organization of trading, as provided for by the Law of Ukraine “On Capital Markets and Organized Commodity Markets” and/or the Law of Ukraine “On Commodity Exchanges.”
The following activities can be carried out in organized commodity markets:
- activities related to organizing trade in products on commodity exchanges;
- professional activities related to organizing the execution of derivative contracts on commodity exchanges.
A commodity exchange, in addition to a license to conduct activities related to the organization of trade in products on a commodity exchange and a license to conduct activities related to the organization of the entering into derivative contracts on commodity exchanges, has the right, in accordance with the procedure established by the Law of Ukraine “On Capital Markets and Organized Commodity Markets,” to obtain a license (licenses) to conduct the following types of activities in capital markets:
- clearing activities to determine obligations;
- activities to organize the execution of derivative contracts in a regulated derivative contract market;
- activities to organize the execution of derivative contracts on an MTF for derivative contracts;
- activities to organize the execution of derivative financial instruments on an OTF for derivative contracts.