Commodity Exchange "Ukrainian Energy Exchange" is announced as the winner of the competition in selection of commodity exchanges (electronic exchange platforms) for organization and conducting of electronic exchange trading in coal products according to the paragraph 2.1. of the Competition requirements for the selection of commodity exchanges (electronic exchange platforms) for organization and conducting of electronic exchange trading in coal products approved by the Instruction of the Ministry of Economic Development of June 19 2012 № 723 registered in the Ministry of Justice of Ukraine on 27.06.2012 under № 1073/21385.

The criteria for selection of exchanges are registered and paid-up authorized capital, technical facilities of trading systems as well as software and hardware systems, working experience of exchange and payment for services.

Transition to the exchange form of coal trading was adopted by the Cabinet of Ministers by Resolution № 1070 on October 26, 2011.

In accordance with the Competition requirements for the selection of commodity exchanges (electronic exchange platforms) for organization and conducting of electronic exchange trading in coal products Commodity Exchange "Ukrainian Energy Exchange" within three months from the date of publication by the Ministry of Economic Development and Trade of Ukraine information on competition results will be conducting testing electronic exchange trading in coal products.

Thus we invite all producers and consumers of coal products to join the process of launching of exchange trading in coal products based on electronic trading system of Commodity Exchange "Ukrainian Energy Exchange", to take part in the testing electronic exchange trading and at a later date to realize the sale and purchase of coal products through exchange trades conducted by Ukrainian Energy Exchange.

We would remind that the Ministry of Economic Development and Trade of Ukraine designed the Draft Law № 11304 "On Amendments to the Law of Ukraine "On the Commodity Exchange" and other legislative acts of Ukraine", which was approved by the Cabinet of Ministers of Ukraine on 17 September 2012. This Draft Law amends the third paragraph of Article 2 of the Law of Ukraine "On Public Procurement" notably excludes from the Law "the coal products, derivatives on coal products, operations with which are carried out at the commodity exchange".