This material will describe the St. Petersburg International Commodity and Raw Materials Exchange - SPbMTSB CJSC. This is the largest project of its kind in Russia. The organization received a license in 2013 from the Bank of Russia Service.
general information
The founders of the St. Petersburg International Commodity and Raw Materials Exchange (SPbMTSB) are: Sovcomflot, Russian Railways, Jester, VTB-Invest, Surguteks, Transoil, Tatneft, Strategic Investment Agency, Surgutneftegas ", " Zarubezhneft "and other structures. Today, the company sells real goods. Thus, construction materials, energy, gas, oil, and fixed-term contracts are sold on the markets. 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.
Deliverable oil product futures are traded on the derivatives market. In 2015, 7.6 billion cubic meters of gas were sold on the exchange. Clearing services for bidders are carried out by the specialized organization RDK. The organization calculates price indices in the domestic oil product market based on stock exchange transactions. The goal of the company is to create a product market. The project also creates 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. The exchange holds trades: grain, coal, timber, gas, futures, oil products. Since 2012, organization indices have become an asset for derivatives market contracts. In 2014, the exchange launched tenders for the sections: “Forest and building materials”, as well as “Natural gas”. In 2015, the organization sold 15.5 million tons of oil products. Over 1900 people take part in the auction. All major oil companies of the Russian Federation collaborate with the organization.
Indices
Above, we described how the St. Petersburg International Commodity and Raw Materials Exchange works. The organization's address is Russia, the city of St. Petersburg, 26th line, house 15, building 2, 199026.
Indices are calculated on meringue trades. Composite indicator is a single universal indicator of the oil products market, which reflects the dynamics of changes in the price of an average ton of resources on the exchange market. This index is calculated based on transactions. The International St. Petersburg Commodity Exchange also takes into account national indicators. In this case, we are talking about the average price for oil products in Russia. An important role is assigned to regional indices. We are talking 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, since it served as an incentive for the active development of the oil market. This organization managed to sell more than 2.566 million tons of oil. International St. Petersburg Commodity Exchange trades in futures contracts. In this case, we are talking not only about a tool for risk insurance and activity planning, but also about an assistant for investors. The trading volume in the derivatives market in 2015 amounted to over 6.35 billion rubles. The instruments include settlement futures of oil product price indices. Among the advantages of the derivatives market is the provision of fixing the price of a future purchase or sale of resources.
Market participants are leading brokers, as well as their customers, consumers and oil companies. Market makers provide trading liquidity. Mention should be made of the role of the clearing organization - RDK. She is the central counterparty and guarantor of the execution of transactions. The exchange is distinguished by guarantee coverage of 7%. Such an indicator can be considered low. In this case, the commission is also low. The organization pays brokers rewards for the transactions of their customers. The possibility of using special mobile applications for trading that display all transactions has been implemented.
Gas market
The International St. Petersburg Commodity Exchange began trading in this resource, fulfilling the order of the President of Russia. During 2015, the organization sold 7.6 billion cubic meters of gas. Tenders are organized at the balance points Nadym, Vyngapurovskaya, Yuzhno-Balykskaya, Parabel. Next month delivery. Participants in the exchange trading are leading enterprises and major manufacturers.
Forest Market
Trade in this resource is also based on the instructions of the President of Russia. Implementation of coniferous forests is carried out on the basis of the Irkutsk region. More than 60 participants were registered at tenders - large farms, tenants, and enterprises engaged in processing. The organization of export trade in timber is planned.
