Tashkent, Uzbekistan (UzDaily.com) -- Deals with futures contracts were concluded for the first time on the UzRCE currency market.

On 1 November 2022, for the first time, transactions with currency futures contracts were concluded on the trading platform of the Uzbek Republican Currency Exchange (UzRCE) with the participation of Asakabank and Qishloq Qurilish Bank with an expiration date in November of this year.

Trading in futures contracts, the underlying asset of which is the US dollar against the soum, is organized on a new electronic trading platform developed by the UzRCE (in-house) based on modern international standards, taking into account advanced foreign experience.

The new tool offered to market participants in the line of other exchange products circulating on the markets of the UzRCE allows you to hedge currency risks, as well as receive income on price changes.

Earlier, UzRCE held a competition for test trading in currency futures contracts among traders of the exchange currency market.