International St. Petersburg Commodity Exchange: description and functions

This article will describe the St. Petersburg International Commodity Exchange - CJSC SPbMTSB. This is a major project of this kind in Russia. The organization received the license in 2013 from the Bank of Russia Service.

general information

The founders of the St. Petersburg International Commodity Exchange are: Sovcomflot, Russian Railways, Dzhester, VTB-Invest, Surgutex, Transoil, Tatneft, Strategic Investment Agency, Surgutneftegaz "," Zarubezhneft "and other structures. Today the enterprise trades in real goods. Thus, realization in the markets of building materials, energy carriers, gas, oil, fixed-term contracts takes place. The International St. Petersburg Commodity Exchange organizes trading in all major groups of petroleum products. The organization has a wide geography of delivery bases and a uniform work standard for the entire diversity of participants.

Deliveries futures for oil products are traded on the derivatives market . In 2015, the exchange sold 7.6 billion cubic meters of gas. The clearing service for bidders is carried out by the specialized organization RDK. The organization calculates price indices on the domestic market of petroleum products on the basis of exchange transactions. The purpose of the enterprise is to create a commodity market. The project also works to create a transparent and understandable mechanism for determining fair prices for basic commodities that are produced in the CIS countries, and in particular in the Russian Federation. On the exchange there are tenders: grain, coal, timber, gas, futures, oil products. Since 2012, the indices of the organization have become an asset for term market contracts. In 2014, the auction launched for the sections: "Forest and Building Materials", as well as "Natural Gas". In 2015, the company sold 15.5 million tons of oil products. More than 1900 people take part in the auction. All major oil companies of the Russian Federation cooperate with the organization.

Indexes

Above we described how the St. Petersburg International Commodity Exchange operates. The organization's address is Russia, St. Petersburg, 26th Line, Building 15, Building 2, 199026.

Indices are calculated on meringue transactions. The composite indicator is a single universal indicator of the oil products market, which reflects the dynamics of the price change of the averaged ton of resources on the exchange market. Such an index is calculated on the basis of transactions. The International St. Petersburg Commodity Exchange takes into account national indicators. Speech in this case is about the average price for oil products in Russia. An important role is assigned to regional indices. It is about the prices of resources in individual consumption centers.

Crude Oil Market

The opening of the St. Petersburg International Commodity Exchange is of great importance, as it has served as a stimulus for the active development of the oil market. This organization managed to realize more than 2.566 million tons of oil. The International St. Petersburg Commodity Exchange trains futures contracts. In this case, it is not just an instrument for risk insurance and activity planning, but also an assistant for investors. The volume of trading in the futures market in 2015 amounted to more than 6.35 billion rubles. Instruments can include fictitious futures for oil product price indices . Among the advantages of an urgent market is ensuring the fixation of the price of future purchase or sale of resources.

Market participants are leading brokers, as well as their customers, consumers and oil companies. Market-makers provide liquidity to trading. It is worth mentioning the role of the clearing organization - RDK. It is the central counterparty and guarantor of the execution of transactions. The Exchange is distinguished by a guarantee security of 7%. Such an indicator can be considered low. Low in this case and commission. The organization pays brokers remuneration for the transactions of their customers. Implemented the opportunity to use for the bidding special mobile applications that display all transactions.

Gas market

The International St. Petersburg Commodity Exchange started trading this resource, fulfilling the instruction of the President of Russia. Throughout 2015, the organization sold 7.6 billion cubic meters of gas. Trades are organized at the balance points "Nadym", "Vyngapurovskaya", "Yuzhno-Balykskaya", "Parabel". Provision is made for the next month. Participants in exchange trades are leading enterprises and major producers.

Forest market

The trade in this resource is also carried out on the basis of the instruction of the President of Russia. Realization of coniferous forest is carried out on the basis of the Irkutsk region. Registered at the auction more than 60 participants - large farms, tenants, enterprises that are engaged in processing. It is planned to organize export trade in timber.

Information products

The opening of the St. Petersburg International Commodity Exchange significantly influenced this segment of the market. The organization is the center of formation of the actual price information concerning the oil market. The data are systematized and provided to regulators and participants in the process.