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Uzbek stock exchanges introduces forward trading

The Uzbek Republican Commodity Exchange has started forward trading for the first time in its history.

Forward trading, also called front running, occurs when stockbrokers personally purchase shares of a particular stock while knowing that their firm plans to purchase numerous shares of the same stock.

Based on the results of trading on April 1, 2020, forward transactions for the sale of sugar for a total of 27.5 billion soums were concluded. In accordance with the terms of this contract, the delivery period is 60 days.

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