The Bank of Russia creates new incentives for the development of commodity trading systems.

The Bank of Russia is canceling the requirements for commodity trading systems to have backup complexes of software and hardware, conduct an operational audit and form a technical committee. This will significantly reduce the costs of the systems, which will serve as an incentive to attract new trading platforms and bidders to the organized commodity market. 

The Bank of Russia is expanding the possibilities for setting a market price for goods. It will be determined not only by the results of trading in the mode of non-address transactions, as it is now, but also by the results of one-sided auctions, subject to the competitiveness of the participants and the competition of price offers.


@Treasury