Belarusian Universal Commodity Exchange
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Belarusian Universal Commodity Exchange (BUCE) is the only commodity exchange in the Republic of Belarus and the largest spot exchange in Eastern Europe with an annual turnover of 2.1 billion USD and over 23 000 members from 63 countries. Founded in 2004, BUCE is a crucial economic institution that ensures implementation of market pricing and equal access to commodities for all economic agents. Besides fostering a healthy competitive environment and setting a fair price range, BUCE also contributes to the development of an organized wholesale market, facilitates movement of goods from manufacturers to customers, and increases transparency of wholesale trade. All transactions are executed online using personal electronic digital signatures (EDS) issued by BUCE. To become a trader one has to choose from two options:
Over 3000 commodity items are listed at BUCE. They are subdivided as follows:
Business opportunities Industrial and consumer goods (ICG) platform is a highly efficient state-of-the-art tool for doing business in Belarus and elsewhere. In contrast to metal, timber, and agricultural trading sections, it is a full-featured E-commerce marketplace with massive potential. Key advantages:
The entire trading process is closely monitored by BUCE so that all contractual obligations were fulfilled in full and on time. Thanks to electronic document interchange, one can trade at ICG platform from any part of the world, while its multilingual interface allows placing buy and sell orders in several languages. Besides the price, traders can also negotiate quantity, terms of payment, and place of delivery. BUCE also helps its clients minimize non-payment and non-delivery risks by:
E-procurement BUCE is an authorized operator of an E-procurement platform (WWW.ZAKUPKI.BUTB.BY). Three procurement procedures are available: electronic auctions, requests for quotation, and open tender. The platform is used for both: government procurements and procurements made by private companies at their own expense. E-property trading BUCE also operates an E-property trading platform (WWW.ET.BUTB.BY), which allows auctioning buildings, machines, equipment, land plots, leasing rights, etc. Both public and private property can be put on sale. Physical persons and corporate entities from Belarus and abroad can participate in electronic auctions. Information services For effective monitoring and analysis of commodity markets in Belarus and abroad, BUCE has developed a number of information and analytical products:
Due to high concentration of supply and demand, BUCE’s information and analytical products provide a clear picture of the situation in exchange commodity markets and serve as guidance for market participants. BUCE’s analytical information is disseminated on subscription basis among traders, brokers, information agencies, and other stakeholders. This said, BUCE can offer its clients a set of powerful tools for buying and selling commodities as well as ample opportunities for entering new markets – cost-free, risk-free, and trouble-free. |