2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Private organization "Belarusian Currency Stock Exchange" began its work on December 29, 1998. This is an open joint stock company, whose shareholders are 124 private individuals. It is engaged in the provision of services related to the acceleration of capital turnover in the republican and world economy. The organization plays an important role in the country's economy, helping to enter international markets while attracting investors.
The activity is related to the organization of the work of financial markets, cooperation in the field of communications and communications, technical protection of information. The Belarusian Currency Stock Exchange supports the processes of circulation and storage of securities. In this regard, the organization is engaged in the organization of trading in securities, both government and commercial, as well as custody and clearing activities.
Structural organization of BCSE markets
BCSE, like other exchange organizations of this type, operate on the same principle. They bring the buyer to the seller or the investor to the consumer. Belarusian currency stockThe exchange consists of the following departments, which are intermediaries between the parties involved in transactions in each of the following markets:
- Government securities market;
- currency market;
- stock market;
- terms market.
Trading in government securities
Belarusian Currency Stock Exchange since 2004 has become a platform on the basis of which auctions for the placement of government bonds are held. It also acts as an organizer of secondary trading in government securities. A key feature of participation in trading on this market is the need to register membership in the Stock Market Section. Perhaps this is after the submission of a set of documents, the list of which is presented in the regulatory acts of the BCSE. After that, the market participant is allowed to trade. There are three types of activities of a participant in the market for government securities reserved in the BCSE:
- trading securities for one's own account and on one's own behalf;
- trading on your own behalf at the expense of the client;
- trading as a trustee (on your own behalf in the interests of the client for his funds).
Clients who use the services of bidders can be both residents of the Republic of Belarus and non-residents of the country.
BCSE Currency Market
One of the functions of the BCSE is trading in currencies and monetary units. Since the Belarusian ruble is not a currency (in the economic sense), thenits quotation in relation to other currencies and banknotes is not based on direct conversion, but on the basis of trading and pre-orders. JSC "Belarusian Currency and Stock Exchange" is the place where the official exchange rate of the Belarusian currency against other currencies is obtained.
Based on information about supply and demand for the Belarusian ruble, its actual price for a certain trading period is set. It is a benchmark for the banks of the Republic of Belarus and for the National Bank of the Republic of Belarus. All available quotations for currencies are set at the JSC "Belarusian Currency Stock Exchange". The exchange rate of the dollar, ruble, franc, pound sterling and many others is set depending on the results of trading on the BCSE on weekdays.
BCSE stock market
The stock market is a department of the exchange where bonds of banks and stock exchanges, legal entities and financial institutions of non-bank structures, shares of OJSC, some municipal bonds, as well as government short-term and long-term bonds can be traded. The Belarusian Currency Stock Exchange is only a platform for placing these documents, the price of which is equivalent to a certain share of the fund.
By purchasing or buying bonds, the investor receives or gives away a certain part of the fund's volume in exchange for the amount of money in Belarusian rubles. The organization "Belarusian Stock Exchange" supports trading within 5 working days. Investors and traders can get quotes and indices in a specially developed BEKAS system. This is a convenient and functional trading platform that meets the requirements of the regional market conditions.
BCSE Derivatives Market
The derivatives market is still only a developing sector of trading on the BSE. Although already now investors can carry out trades with the involvement of their assets on existing instruments. The derivatives market itself is represented by futures contracts of various nomenclature:
- at the exchange rate of the US dollar against the Belarusian ruble;
- at the rate of the single currency of the Eurozone against the ruble of the Republic of Belarus;
- at the exchange rate of the ruble of the Russian Federation to the ruble of the Republic of Belarus;
- at the exchange rate of the US dollar against the single currency of the Eurozone set by the ECB;
- at interest rates in government long-term bond markets.
Investor's tooling on the IMSE allows to participate in trading on the principle of "continuous double auction". The technology also makes it possible to participate in trading operations remotely or from a workplace in the IMSE office. Market participants can enter into transactions in various directions with all available instruments.
OTC
The organization "Belarusian Currency and Stock Exchange" organizes exchange trading, which requires information security systems. Since the results of trading are placed and stored in files, the exchange has developed a mechanism for their protection, equipped with a digital signature. At the moment BWFBalso deals with the improvement of information protection algorithms at each stage of its life cycle.
Belarusian Currency and Stock Exchange has its own developments in cryptography, the most effective information protection mechanism. This activity is inextricably linked with exchange processes, as it allows you to protect customers and their financial transactions. However, these processes do not affect the change in quotes, and therefore relate to over-the-counter activities.
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