Page 18 - 2022 - annual report

development of interaction with clients (consulting and improving their financial
literacy);

introduction and development of market maker activity in all segments of the UZCE,
as the main participant in exchange trading.

Development of information and communication technologies:

As part of the implementation of the Development Strategy in this area,
the following activities were planned, among others:

GEND continuation of work on the automation of business processes and exchange trading
through the widespread use of modern information and communication technologies;

GEND improvement and application of electronic document management processes in all
segments of the UZCE activity, as well as the introduction of modern information and
communication technologies to automate the processes of forming, receiving and sending

documents for exchange trading;

GEND organization of new electronic trading platforms and development of software
products in connection with the introduction of new exchange instruments;

GEND wide application of modern web technologies and their development, in particular,
web services and mobile applications.

In order to further develop post-trading services, create a stable functioning, high-tech
and international standards-compliant settlement and clearing unit, together with the Central

Bank, organizational work is planned to create a settlement and clearing chamber with the

formation of a legal entity and with the status of a central counterparty.

As part of these measures, it is planned to open a correspondent account of the UZCE in the
Central Bank for the purpose of uninterrupted settlement and clearing operations based on the

results of exchange trading.

For the further development of settlement and clearing activities, the introduction and
development of a risk management system, as well as the development of new software and

technology complexes in this direction, the formation of the necessary regulatory framework
was also provided for in the reporting year.

18