Page 10 - 2022 - annual report

ADDRESS OF THE DIRECTOR

GENERAL

Rashid Usmanov

Director General of UZCE

Dear shareholders, colleagues!

In 2022, UZCE carried out activities within the priorities of the Development Strategy,
including the diversification of exchange markets, the introduction of modern corporate
governance methods, advanced exchange mechanisms and information and communication
technologies, as well as the implementation of an effective personnel policy.

We continued the further development of our exchange markets and were able to achieve a
record increase in the volume of exchange trading, while ensuring high-quality and uninterrupted
provision of our services.
Positive changes are associated with both the growth of volumes and the activation of
participants in the use of a diversified line of exchange-traded instruments of the UZCE, as well
as the creation of favorable conditions and the provision of new trading strategies for participants
in the exchange markets.
In 2022 we have launched trading in currency futures contracts for the first time
in the country, successfully implemented the activities of the central counterparty and liquidity
providers, which contributed to the creation of an effective default management system and
the expansion of risk management mechanisms.
Also, in the foreign exchange futures market and the secondary market of government
securities, the activity of a market maker has been introduced.

UZCE today is an unconditional liquidity center and the main trading platform for attracting
resources, as evidenced by a significant increase in trading volumes in the reporting year.

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