The State Commodity and Raw Materials Exchange of Turkmenistan has improved the procedure for participation of Turkmen entrepreneurs and enterprises in the auction. This is reported by the online publication "Business Turkmenistan".
Entrepreneurs will be able to trade more quickly on the exchange if they acquire a brokerage position or conclude contracts for brokerage services with intermediary brokers. In order to acquire a brokerage position it is necessary to fill in an application form in the appropriate department of the STSBT, provide a power of attorney, a sample general power of attorney and bank details set by the company's management. The cost of one brokerage position for entrepreneurs and enterprises is AZN 10 thousand per year.
The principles of openness and transparency are observed in trading at the commodity exchange of the country, which ensures equal opportunities for all participants of the trading procedure. If you have any questions regarding the modernization of the system, you can consult the specialists of the GTSB of Turkmenistan.
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