Commodities Market

The MICEX Group implements its projects for establishing and developing exchange-based commodities markets through the National Mercantile Exchange (NAMEX). The National Mercantile Exchange was established in July 2002. NAMEX’s primary objective is organizing the exchange-based commodities market (spot commodities, derivatives) in Russia.

On the 26th of September 2002, the National Mercantile Exchange received license No.129 of the Federal Service for Financial Markets for organizing exchange trading in the following commodity groups:
1. electric power;
2. energy carriers (oil and oil products, gas and gas condensate, coal);
3. ferrous metals;
4. non-ferrous metals and alloys;
5. construction materials;
6. timber and forest industry products;
7. grain, legumes and industrial crops;
8. agricultural products;
9. pharmaceuticals;
10. water biological resources;
11. chemicals;
12. standard contracts.

Since 2002, NAMEX has taken part in preparing, organizing, and holding exchange trading on the implementation of government procurement and commodity interventions to regulate the market of agricultural products, raw materials and food in the Russian Federation. NAMEX is the authorized exchange of the Ministry of agriculture of Russia.

In April 2008 NAMEX launched deliverable futures trading of 3 and 4 class wheat (milling wheat) on the EXW terms (elevators of the South Federal District of Russia) and FOB terms (port Novorossiysk).

In December 2008 NAMEX also launched deliverable futures trading of 5 class wheat (feed wheat) on the EXW terms (elevators of the South Federal District of Russia).

When implementing projects in the commodities market, NAMEX uses the exchange trading system and technology infrastructure of MICEX Group.