The annual meeting of MAB is dedicated to the development of cooperation and the formation of a common inter-exchange space

On 18 April, the annual meeting of members of the International Association of Exchanges (MAB) was held in Uzbekistan.

As a result of the event, a new strategy for the long-term development of the Association was determined, and the updated composition of the Council and the Audit Commission was approved, the chairman of which was elected the managing director of the Saint Petersburg International Mercantile Exchange (SPIMEX), Aleksandr Pavlov.

MAB members discussed the program for the development of EAEU+ exchange markets. Particular attention was paid to the issues of attracting new participants and organizing business cooperation with the BRICS countries – Turkey, Egypt, Iran, Indonesia, China and others.

As part of the annual meeting, a meeting of the Committee on Commodity Markets (CCM) was held, where the vice-president of SPIMEX, member of the MAB Council Aleksei Gerasiuk spoke. He presented the results of the Exchange’s work in 2023, and also shared plans and promising areas of development for the current year.

The International Association of Exchanges (MAB) was established in Moscow in April 2000 to coordinate efforts to develop organized financial markets in accordance with international standards. The MAB includes 20 leading commodity and currency and stock exchanges from 10 countries. 

The Saint Petersburg International Mercantile Exchange (SPIMEX) is Russia’s largest commodity exchange offering a wide range of products traded both in its Commodities Section (refined oil products, crude oil, natural gas, LPG, timber and construction materials, fertilizers) and in its Derivatives Section. Over one fourth of the main refined products delivered to the Russian domestic market over the year was traded on Exchange. The Exchange’s key task is to operate a transparent, fair and efficient price formation mechanism for Russian commodities. SPIMEX was founded in 2008. The exchange license and the license for clearing activities are available on the website. The central office of the Exchange is located in Moscow.