UZCE Launches Dealers Meet Up to Strengthen Financial Market

Tashkent, Uzbekistan (UzDaily.uz) — JSC Uzbek Republican Currency Exchange (UZCE) held its first meeting under a new project, Dealers Meet Up by UZCE, an expert platform designed to strengthen interaction with trading participants, raise professional competencies, and discuss current financial market trends.

The event brought after more than 35 representatives of commercial banks that are UZCE members, including the National Bank for Foreign Economic Activity, Kapitalbank, Octobank, Uzpromstroybank, Asia Alliance Bank, and other financial institutions active in the exchange markets.

Modern approaches to the foreign exchange market

The first expert session focused on current functional trends in the UZCE foreign exchange market. Participants discussed market exchange rate formation mechanisms, methods to increase market-maker activity, and the expanding role of commercial banks in ensuring the liquidity and efficiency of exchange trading.

Special attention was paid to the independence of banks when selecting trading strategies. Experts noted that as market mechanisms develop, financial organizations must not only respond quickly to changing conditions, but also participate more actively in shaping the market exchange rate, making decisions based on supply, demand, liquidity levels, and current market expectations.

The practical discussion covered order submission and execution, choosing optimal times to conclude transactions, evaluating market situations, and the impact of trading behavior on exchange rate dynamics.

According to the organizers, more active participation by commercial banks in exchange operations increases liquidity, improves trading transparency, and helps form an objective market exchange rate.

New opportunities in the REPO market

The second expert session focused on the development of the REPO operations market. Bank representatives were presented with a new instrument, Reverse REPO, which is scheduled for introduction in the near future.

Exchange specialists provided detailed information on the features of the new mechanism, its advantages for trading participants, and its practical application options for liquidity management.

Practice and feedback

The practical part of the event took place in the format of a Hands-on Session, where participants completed tasks closely resembling real exchange operations. This format allowed participants to test new functional capabilities of the trading system, consolidate their knowledge, and receive advice from exchange specialists on emerging issues.

The meeting concluded with an open discussion during which bank representatives exchanged experiences, discussed practical aspects of using exchange instruments, and submitted proposals for the further improvement of UZCE services and infrastructure.

A new format for professional interaction

The launch of Dealers Meet Up by UZCE marks the next stage in developing an open dialogue between the Uzbek Republican Currency Exchange and professional market participants.

The new format combines expert presentations, practical training, and experience sharing, contributing to the development of the modern financial market, raising the qualifications of specialists, and introducing new exchange instruments in Uzbekistan.