UZEX becomes a full member of the Association of Futures Markets
Tashkent, Uzbekistan (UzDaily.com) -- In February 2019, the Uzbek Republican Commodity Exchange (UZEX) took another significant step to further develop international relations and trade in the derivatives market of Uzbekistan. UZEX became a full member of the Association of Futures Markets (AFM).
For UZEX, joining AFM opens up new opportunities for development of stock trading, introduction of a futures market, expansion of the range of tools offered for stock trading, formation of a system for entering into futures and forward transactions on the stock exchange, and strengthening of international relations.
Another goal of joining the association is expansion of partnerships, development of international, interbourse relations, improvement of the organizational structure, identification of priority directions in development.
In the near future, the UZEX and the AFM plan to exchange information on market conditions, determine development prospects, and also conduct joint activities.
The Association of Futures Markets is an international non-profit organization uniting exchanges, clearing and other organizations from different countries. The association was established in 1998 in Buenos Aires (Argentina).
The main goal of the Association is to support creation of new derivatives and related markets, as well as the organization of international conferences in order to encourage communication between members and strengthen their relations.