Private organization "Belarusian Currency Exchange"Stock Exchange "started its work on December 29, 1998. It is an open joint-stock company, whose shareholders are 124 private individuals.It is engaged in rendering services related to accelerating the turnover of capital in the republican and world economy .The organization plays an important role in the economy of the country, helping to enter international markets, while attracting investors.
Activities are related to the organization of workfinancial markets, cooperation in the field of communications and communications, technical protection of information. The Belarusian Currency Stock Exchange supports the processes of securities turnover and storage. In this regard, the organization is engaged in the organization of trading in securities, both public and commercial, as well as storage and clearing activities.
Structural organization of markets BVFB
BVFB, as well as other exchange organizations of thistype, function according to the same principle. They reduce the buyer to the seller or the investor to the consumer. The Belarusian Currency Stock Exchange consists of the following departments, which are intermediaries between the parties performing transactions in each of the following markets:
- government securities market;
- currency market;
- stock market;
- fixed-term market.
Trade in government securities
Belarusian Currency Stock Exchange since 2004became a platform on the basis of which auctions are held on the placement of government bonds. She also acts as an organizer of secondary trades in government securities. A key feature of participation in trading in this market is the need to register membership in the Stock Market Section. Perhaps this is after the submission of a set of documents, a list of which is presented in the standard exchange acts of the BFBA. After that, the market participant is allowed to trade. There are three types of activities of a participant in the government securities market, reserved in the BVFB:
- trading in securities at their own expense and on their own behalf;
- trading on its own behalf at the expense of the client;
- trading as a trustee (on its behalf in the interest of the client for its funds).
Customers who use the services of bidders may be residents of the Republic of Belarus or non-residents of the country.
Currency market BVFB
One of the functions of BVFB is currency tradingand monetary units. Since the Belarusian ruble is not a currency (in the economic sense), its quoting in relation to other currencies and bank notes is not based on direct conversion, but on the basis of trades and placement of pre-orders. The Belarusian Currency and Stock Exchange OJSC is the place of receiving the official rate of the Belarusian monetary unit in relation to other currencies.
Based on information on demand and supply forThe Belarusian ruble is exposed to its actual price for a certain period of the bidding. It is a reference point 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 JSC "Belarusian Currency Stock Exchange". The exchange rate of the dollar, ruble, franc, pound sterling and many others are set depending on the results of trades taking place on the BVFB on weekdays.
Stock market BVFB
The stock market is the exchange department, on thewhich can be handled by bonds of banks and stock exchanges, legal entities and financial institutions of non-banking structures, shares of JSC, some municipal bonds, as well as state short-term and long-term bonds. The Belarusian Currency Exchange is only a place for placing these documents, the price of which is equivalent to a certain share of the fund.
Acquiring or buying bonds, the investorreceives or gives out a certain part of the volume of the fund in exchange for a monetary sum in Belarusian rubles. The organization "Belarusian Stock Exchange" supports trading within 5 working days. Quotations and indices, investors and traders can get in a specially developed BEKAS system. This is a convenient and functional trading platform that meets the requirements of the regional market conditions.
Fixed-term market of BFBA
Срочный рынок представляет собой пока лишь the developing sector of trade on the PFTS. Though already now investors can carry out the auctions with attraction of the assets on available tools. The urgent market itself is represented by futures contracts of various nomenclature:
- at the rate of the US dollar to the ruble of the Republic of Belarus;
- at the rate of the single currency of the Eurozone to the ruble of the Republic of Belarus;
- at the rate of the ruble of the Russian Federation to the ruble of the Republic of Belarus;
- at the rate of the US dollar to the single Eurozone currency set by the ECB;
- on interest rates in the markets of government long-term bonds.
Instrumental support investor on the IMFallows you to bid on the principle of "continuous double auction." The technology also allows you to participate in trading operations remotely or from a workplace in the office of the IMFB. Market participants can enter into transactions in various directions with all available tools.
Over-the-counter activity
Organization "Belarusian Currency and Stock Exchange"organizes exchange trades, which requires information security systems. Since the results of trades are stored and stored in files, the exchange has developed a mechanism for their protection, digitally signed. At present, BCSE is also engaged in the improvement of information security algorithms at every stage of its life cycle.
Belarusian currency and stock exchange has itsdevelopments in cryptography, the most effective mechanism of information protection. This activity is inextricably linked with the exchange processes, as it allows you to protect customers and their financial transactions. However, these processes do not affect the change in quotations, and therefore are related to over-the-counter activities.
