This material will describe the currency and stock exchange. Belarus is the state in whose territory such an organization was created in 1998. Its powers were secured by a corresponding decree of the president of the republic.
General information
Trading on the currency exchange Belarus carries out in three main segments of the financial
market: derivatives, stock and foreign exchange. The founders of the organization were the Ministry of State Property, as well as a number of large banks.
The Currency Exchange of the Republic of Belarus has its own supreme governing body, which is represented by the General Meeting of Shareholders. The structure of the structure, except for the founders, includes brokerage and dealer companies and banks. Organization management is carried out by the Supervisory Board. This structure implements the management function between the General Meeting of Shareholders. The organization also acts as a settlement depository in the securities market. This authority also conducts registration of transactions.
Bidders
We have already described how the currency and stock exchange works. Belarus, as a state, supports the development of this structure, inviting new participants to its activity. To obtain this status, you need to fulfill a number of requirements and be a representative of a legal entity.
The Currency Exchange of Belarus is ready to offer various trading mechanisms and risk insurance for bidders:
- It is allowed to make transactions with derivatives market instruments, securities, as well as foreign currency.
- It is possible to conduct anonymous market trading with a continuous double auction.
- It supports integration methods that contribute to efficient pricing.
- Repurchase transactions are contemplated.
- Supported by market makers.
- Transactions involving direct settlement between bidders are conducted.
- Multicurrency operations are carried out.
- Settlement, clearing and depository services are carried out . ABOUT
- there are various auctions for the placement and purchase of securities under various settlement conditions.
The organization has technical support for electronic document management systems, as well as trade processes.
To investors
The currency exchange of Belarus provides ample opportunities. She manages personal savings and finances, as well as attracting investment in the business sector. The Currency Exchange of Belarus offers to act as an investor to both legal entities and individuals. Having received the indicated status, the client carries out trade.
History
The currency exchange of Belarus was created to organize a market mechanism for quotation of the state currency. In 1994, the Ministry of Finance issued a short-term bond issue. Thus, the government securities market was founded. At this stage, the organization was preparing a software and hardware and regulatory framework for electronic bond trading.
In the period from 1994 to 1995, auctions of credit resources of various banks were regularly held on the trading floor. In 1996, a closed joint-stock company turned into an institution of the National Bank. By 1997, conditions were created for the secondary circulation of bonds in the organized market. The first auction was held in 1998.
Now let's move on to the events that occurred in the period since 2000. The circulation of shares of business entities on the stock exchange began. The Belarusian quotation automated system was put into operation. The latter is aimed at serving the OTC market.
The State Property Fund has begun holding auctions. Exchange compulsory registration of transactions related to securities has begun. The Ministry of Finance has launched auctions aimed at the placement of government securities. The stock market information system was put into operation.
The first trades were held in the Derivatives Market Section. The institute of market makers began to function in the conditions of the National Bank's bond market. An electronic foreign exchange trading system was put into operation. Launched the sector of mortgage bonds of banks. The institute of market makers began to function in the derivatives market.