On June 20, Michael Cofield, Advisor to the US Department of Commerce's Commercial Law Development Program (CLDP), and Kevin Piccoli, Deputy Director of the Commodity Futures Trading Commission (CFTC) visited the Uzbek Commodity Exchange (UzEx).
The purpose of the meeting was to hold consultations on the introduction of modern exchange trading mechanisms and tools.
At the beginning of the event, the guests were shown a presentation video on the activities of the UzEx. In particular, they learned about the history of the establishment and development of the local exchange, the commodity assets sold in it, the procedure for trading and settlements, as well as the current state and future plans of the exchange.
During the talks, the parties went through the legal framework of the US stock markets, the practice of state and exchange control over the organization and conduct of exchange trades in the commodity segment.
Also, the application of modern IT technologies in US exchanges and new trends, risk management methods, the activities of exchange warehouses were discussed in detail.
At the end of the meeting, the parties agreed to continue consultations on the introduction of modern exchange instruments, further intensify cooperation and provide comprehensive assistance to US representatives in the development and implementation of UzEx’s new strategic plans.