BUCE commended for its role in developing inter-exchange cooperation

The Belarusian Universal Commodity Exchange (BUCE) has been awarded a certificate of honor by the International Association of Exchanges (IAE) as one of the most active participants of this supranational industry association.

The exchange has been honored for its services to the development of inter-exchange relations, strengthening international partnership and expanding integration cooperation between exchange institutions, systemic work in developing strategic dialogue, implementing joint initiatives and promoting joint projects within the framework of the Association and also for its high professionalism, strategic vision and active stance in matters of integrating exchange commodity markets.

IAE Executive Director Alexey Kuprin presented the award to Chairman of the Board of BUCE Aleksandr Osmolovsky during the 10th edition of the Exchange Commodity Market forum in Moscow.

“When building cooperation with foreign exchange platforms, we consistently adhere to the principles of mutual benefit, openness, and the pursuit of practical results. Commodity exchanges in any country around the world are, first and foremost, tools that work in the interests of the economy. They facilitate the realization of export potential and the formation of a transparent pricing system in domestic and foreign markets. Therefore, by joining forces with partner exchanges, we not only enhance the positive effect of applying the exchange mechanism, but also address the pressing challenges facing businesses in our countries: we remove trade barriers, simplify access to strategic resources, provide pricing benchmarks, and expand sales opportunities,” Aleksandr Osmolovsky emphasized.

BUCE has been a member of the IAE since 2008, and the chairman of the board serves on the IAE Council. In 2011, at the initiative of BUCE, the Committee on Commodity Markets was established at the IAE. The purpose of this body is to enhance inter-exchange integration and develop cross-border exchange trading.