On March 20, 2024, the National Commodity Exchange NTB, part of the Moscow Exchange Group, and the Commodity Exchange Eurasian Trading System ETS signed an agreement for mutual understanding and cooperation. The main goal of this collaboration is to develop and implement joint projects to create a regional organized commodity market for agricultural products, focusing on grains and sugar, within the interaction of commodity markets of Russia and Kazakhstan.
The exchanges intend to study and exchange experience in the application of exchange trading technologies and organization of commodity markets in the long term. They also plan to expand the geography and number of participants in exchange trading, modernize trading technologies, and overall contribute to the development of organized commodity trading. The agreement aims to conduct research on trends in commodity markets, as well as develop measures to increase the economic potential of the EAEU commodity market.
The primary objective of this collaboration is to develop and implement joint efforts to create a regional organized grain commodity market, including establishing the Kazakh segment within the Astana International Financial Center.
The Moscow Exchange Group manages Russia's largest multifunctional exchange platform for trading in stocks, bonds, derivative instruments, currencies, money market instruments, and commodities.
The Commodity Exchange Eurasian Trading System ETS was established in 2008, with the first trades taking place in March 2009. The exchange focuses on conducting spot and futures trading of exchange commodities.
