New Re­al­i­ties and Op­por­tu­ni­ties

Uzbekistan Today (English) - - FRONT PAGE -

The Uzbek Repub­li­can Com­mod­ity and Raw Ma­te­ri­als Ex­change has been im­ple­ment­ing a num­ber of mea­sures for the devel­op­ment of ex­change trades and E-com­merce.

UZEX con­tin­u­ously im­proves the ba­sic ex­change trad­ing plat­form and si­mul­ta­ne­ously im­ple­ments a model of trans­par­ent and com­pet­i­tive auc­tion trades in var­i­ous spheres and sec­tors of the econ­omy.

In par­tic­u­lar, prepara­tory work is car­ried out for the phased tran­si­tion of the sale of highly liq­uid com­modi­ties ex­clu­sively through trans­par­ent ex­change trades on the ba­sis of mar­ket prin­ci­ples. Cur­rently, the Ex­change has de­vel­oped pro­pos­als to im­prove the trans­parency of ex­change trades, im­prove the mech­a­nism of mar­ket pric­ing, or­ga­nize stock ex­change lo­gis­tics, as well as au­to­mate var­i­ous op­er­a­tions and busi­ness pro­cesses car­ried out on the ex­change.

In ad­di­tion, it is planned to ex­pand the ac­cess of en­trepreneurs and other busi­ness en­ti­ties to the ex­change mar­ket through the use of mod­ern IT tech­nolo­gies and the in­tro­duc­tion of new trade in­stru­ments.

In gen­eral, for 10 months of 2017, UZEX con­cluded deals for 11.4 tril­lion soums, which is 16% higher than in the same pe­riod of 2016. The num­ber of reg­is­tered new bid­ders in­creased by 20% and amounted to 7.6 thou­sand cus­tomers. The vol­ume of ex­change trades reached 9.1 tril­lion soums with growth of 19%. In turn, the en­ter­prises sell­ers re­ceived ad­di­tional in­come due to the for­ma­tion of mar­ket prices at the ex­change auc­tions in the amount of 3.3 tril­lion soums.

Dy­namic growth in trade turnover of UZEX is also pro­vided due to ac­tive par­tic­i­pa­tion of busi­ness in ex­change and auc­tion trades. Thus, the to­tal vol­ume of trans­ac­tions con­cluded with the par­tic­i­pa­tion of small busi­nesses and pri­vate en­trepreneur­ship reached 8.0 tril­lion soums, which is 15% more than in 10 months of 2016. At the same time, en­trepreneurs pur­chased com­mod­ity re­sources through the ex­change for 5.7 tril­lion soums and sold their own prod­ucts for 2.3 tril­lion soums.

Along with this, the vol­ume of fair trade in com­par­i­son with the 10 months of

2016 grew by 16% or to 1.4 tril­lion soums. The largest share in In­ter­net pur­chases came from ma­chine-build­ing prod­ucts 22%, con­struc­tion ma­te­ri­als - 20%, chem­i­cal prod­ucts - 15% and con­sumer goods - 8%.

Through the cur­rency trad­ing plat­form and e-store of the ex­change, do­mes­tic prod­ucts were ex­ported for $ 51.3 mil­lion. Among the ex­ported prod­ucts, growth in phys­i­cal terms was ob­served in min­eral fer­til­iz­ers - 12 times, polypropy­lene 4 times, liq­ue­fied gas - 12% and poly­eth­yl­ene - by 4.5%.

The main in­no­va­tion of this year was the in­tro­duc­tion of the E-com­merce model on the B2C com­mod­ity ex­change by launch­ing a new trad­ing plat­form for the im­plemen­tation of auto dig­its. Thus, for the first time in the his­tory of the UZEX, in­di­vid­u­als be­gan to ac­tively par­tic­i­pate in the elec­tronic trad­ing of the stock ex­change.

When de­vel­op­ing the new sys­tem, mod­ern IT prod­ucts were in­tro­duced into the tech­nol­ogy of bid­ding tak­ing into account the pref­er­ences and needs of bid­ders. All op­er­a­tions and trans­ac­tions, start­ing with the reg­is­tra­tion of the client be­fore the con­clu­sion of the trans­ac­tion, are car­ried out in the per­sonal of­fice of the client, whose ac­cess is pro­vided on the web­site av­toraqam.uzex.uz and in the mo­bile application of the UZEX. As a re­sult, 79% of visi­tors to the web­site use such mo­bile de­vices as a smart­phone and tablet. The sys­tem also in­te­grates guar­an­teed se­cur­ing of trans­ac­tions through the clear­ing and set­tle­ment cham­ber, widely used in ex­change trades.

The launch of the new trad­ing plat­form of the ex­change caused great in­ter­est from the own­ers of ve­hi­cles. In par­tic­u­lar, 684 au­to­mo­bile li­cense num­bers were sold through the on­line auc­tion, 469 of them for in­di­vid­u­als and 215 to le­gal en­ti­ties. The to­tal amount of re­al­ized state li­cense num­bers ex­ceeded 14.4 bil­lion soums.

In the struc­ture of buy­ers, mo­torists of Tashkent and Tashkent re­gion are lead­ing, their share be­ing 46%. The fol­low­ing po­si­tions are oc­cu­pied by buy­ers of the Fer­gana re­gion - 11%, Sa­markand re­gion 10%, Khorezm and Andi­jan re­gions - 6%, Na­man­gan and Syrdarya re­gions - 4% each. The ag­gre­gate share of the re­main­ing re­gions is 13%.

Daily in the AV­TORAQAM elec­tronic sys­tem an av­er­age of 10 trans­ac­tions are con­cluded. In the course of com­pet­i­tive bid­ding, one lot of pre­mium class auto num­bers re­ceive about 249 counter or­ders, as well as an av­er­age of 54 and 30 price pro­pos­als for the im­plemen­tation of the second and third cat­e­gory re­spec­tively.

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