Potential of commodity derivatives in Ukraine estimated at almost $30 bln

13:32, 08.12.2017 1 min read

The adoption of the bill on the capital market and regulated markets (No. 7055) would open an opportunity of creating the full-featured commodity derivative market with the potential volume of around $30 billion, the National Commission for Securities and the Stock Market has said in a press release.

Participants of the international practical conference "Development of Commodity Stock Market" organized by the commission jointly with USAID Project Financial Sector Transformation (FST) in Kyiv on Thursday came to this conclusion.

Commission Head Tymur Khromaev said that the bill clearly determines the legal status of derivatives. Its approval would give green light to the launch of the derivative market in Ukraine.

Deputy USAID FST Project Manager Yulia Vitka said that the pace of growth of this market would depend on how quickly it wins confidence of market players and availability of reliable infrastructure.

In general, conference participants said that in the coming five years Ukraine has a chance of creating the future agricultural products contract market with a volume of around $8 billion and the future energy market with a volume of some $20 billion.