Ukrainian Energy Exchange opens new prospects with Ukrainian Clearing House LLC
The National Securities and Stock Market Commission (NSSMC) has issued a license to UEEX’s subsidiary Ukrainian Clearing House LLC (UCH) to carry out professional activities on the capital markets - clearing activities for determining liabilities. It is the first clearing institution in Ukraine to operate on the commodity markets.
The separation of the clearing function into a separate company was an important step in the development of the clearing component of the UEEX (organized commodity markets). The new structure will allow us to focus on implementing advanced clearing solutions that will ensure transparency and reliability of trading and create additional opportunities for market participants.
In the near future, exchange trading participants will be notified of the formal procedures related to the change in the UEEX business structure.
Clearing institutions are an important element of market infrastructure in international practice. EU countries use different models of clearing institutions, but all of them are aimed at reducing risks on the commodity and financial markets.
The licensing of UCH LLC has become an important milestone in the development of Ukraine’s commodity markets, as the introduction of a clearing infrastructure opens up new opportunities for their growth. This will help create a reliable and transparent system that will help build trust and stimulate the country’s economic development. The lack of effective clearing mechanisms has limited the market’s potential until now, and the innovation will contribute to its stability and integration with international markets.
The Ukrainian Energy Exchange continues to create conditions for transparent and efficient operation of commodity markets by introducing modern tools and solutions for their development.
The Resolution of the NSSMC is available at the link: