Belarusian Exchange, commodity trading on an electronic platform - a place where a buyer and a seller from the metallurgical, woodworking and agricultural fields meet to conclude transactions via the Internet.
Site performance
In 2016, more than 410 million euros were sold at the forest products platform of the Belarusian Universal Commodity Exchange . And more than 446 million euros amounted to trade in the metal products section.
Who can become a member
The right to participate in trading in the status of a visitor or broker can be obtained:
- legal entities and individual entrepreneurs of the Republic of Belarus;
- foreign and international legal entities;
- organizations that are not a legal entity;
- by individuals.
Learning Documentation
Those who appreciated the advantages of trading on BUCE and have a desire to trade on an electronic platform need to study a number of documents:
- First of all, familiarize yourself with the range of commodities.
- Then, devote time to familiarizing yourself with the interpretation and clarification of concepts and terms that are used in the regulatory legal acts of the Belarusian Commodity Exchange OJSC.
- Familiarity with the Belarusian legislation will help to avoid mistakes and violations, which will make trade efficient and profitable.
- The Belarusian Exchange, whose product sections have their own regulations, has made them available for review on their website.
- Get the concept of exchange fee rates in different trading sections in order to take them into account when planning expenses.
- On the Belarusian Exchange, commodity trading transactions are controlled by a special department, which minimizes trade-related risks. Familiarization with the methods of influence on contractors who do not fulfill their obligations in full and on time, it is advisable to conduct before the start of work.
7 steps to ...
If you still want to proceed with specific actions, then you need to go through seven preparatory procedures for trading on the Belarusian Commodity Exchange.
- Decide on your status. You can take part in the auction as a visitor or broker. Visitor status gives you the right to trade for yourself. The status of a broker adds to the visitor’s rights the right to provide intermediary services as a professional.
- Having decided on the first position, the legal entity - the participant of the Belarusian Exchange on the commodity platform - represents traders, i.e. employees of their company, who will be granted the right on behalf of the visitor to participate in the auction and conclude transactions.
- Since the peculiarity of electronic trading is the execution of transactions through Internet services, it is necessary to go through the procedure for obtaining a digital signature, which has the strength of a person’s own signature.
- Provide the necessary equipment, a computer (or several) with the necessary characteristics and appropriate software. A specialized program for direct participation in transactions on the Belarusian Exchange with a trading platform is provided for free.
- Provide for consideration documents required for accreditation, after approval of which an exchange service agreement is signed between the exchange and the applicant organization. It defines all financial, legal, technical and procedural relationships between the parties.
- Carefully study the structure and content of the personal section (virtual office of the trader) and instructions for work.
- Get familiar with the structure of the exchange website and the information on it, so that during the bidding process you can quickly find the required one.
Now you can begin the process of developing your own business, that is, buying and selling goods in the area of interest.