New SPIMEX Derivatives Section Council Formed


Saint Petersburg International Commodity Exchange (SPIMEX) acting pursuant to the Russian Federal Law No. 325-FZ ‘On Organized Trading’ dated 21 November 2011 and in accordance with the Regulation of the Derivatives Market Section Board has formed the Section’s Council of the SPIMEX Derivatives Section for the years 2018-2019.

To ensure balanced composition of the Section's Council and timely rotation of its members, the council was expanded from 15 to 21 members and approved for the period of one year by the decision of the SPIMEX Board of Directors taken on 18 May 2018.

The new Section's Council consists of representatives of SPIMEX trading participants (Russian residents and overseas companies), regulators, as well as independent experts from largest Russian and foreign financial institutions and oil trading companies active in the Russian derivatives market.

The most important task of the Section's Council of the SPIMEX Derivatives Section is professional assessment of Exchange’s projects aimed at forming a liquid commodity derivatives market and drafting recommendations to the governing bodies of the Exchange on further development of its trading platform and clearing technology, broadening the range of products and improvement of regulatory and contractual framework for the SPIMEX derivatives market.

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