At the anniversary meeting of the International Association of Exchanges (IAE), held in Minsk from June 9 to 12, the Caspy Commodity Exchange presented its 2024 performance results, DKnews.kz reports.
The report highlighted the steady development of key business areas, strengthening of market positions, and growing trading volumes amid ongoing digitalization of infrastructure.
The figures reflect stable momentum in strategically important trade sectors, from petroleum products and coal to liquefied gas and cement.
Photo author: Roman Yaniv
In 2024, the total volume of exchange transactions reached $746 million, including:
- $617.6 million in raw materials
- $75.4 million in materials
- $43.6 million in equipment
- $3.4 million in machinery
- $6 million in other categories
The exchange registered 12,962 transactions over the year, with a total of 687 suppliers participating.
The report also presented performance by key commodity categories. The largest segment was petroleum products – bitumen, gasoline, diesel, and aviation (jet) fuel, totaling $248.3 million.
Photo author: Roman Yaniv
Trading in exchange-traded goods (including coal, cement, and agricultural products) amounted to $185.6 million.
Procurement-related transactions for subsoil users (including solid minerals and hydrocarbon raw materials) reached $264.3 million.
Photo author: Roman Yaniv
Deals involving non-liquid assets and fixed assets (excluding buildings, facilities, and land) totaled $2.8 million.
Among the key achievements in 2024 was the launch of an upgraded module of the software-technical trading platform (trade.ccx.kz), featuring in the double counter auction mode that improved transparency and flexibility.
Photo author: Roman Yaniv
The exchange also underwent recapitalization, increasing its authorized capital to 2.5 billion KZT (approximately $5 million).
Additionally, the exchange completed an international ESG assessment by S&P Global, achieving a percentile score of 87/100, and continued measuring its environmental impact, reflected in the Carbon Footprint Reports for 2022 and 2023.
In 2024, the CCX team published its first Sustainability Report, outlining its ESG strategy, including corporate responsibility, environmental protection, transparency, and labor practices. The report includes both qualitative and quantitative sustainability metrics relevant to traders, partners, and regulators.
Key highlights:
- Average daily trading volume reached 1.2 billion KZT
- Women represent one-third of the workforce
- 66% of the Board of Directors are independent members
- Each employee received an average of 56 hours of training over the year
- Zero cases of corruption or major information security incidents
- LTIFR (Lost Time Injury Frequency Rate) was also zero
In 2024, the CCX joined the Sustainability and ESG Council under the Atameken National Chamber of Entrepreneurs, which includes representatives from the private sector, state-owned enterprises, development institutions, industry associations, international companies, consulting firms, and the financial and legislative sectors.
Furthermore, the exchange became an associate member of EUROPEX (European Association of Energy Exchanges) and a participant in the UN Global Compact.
"For us, it is crucial not only to grow trading volumes but also to develop exchange infrastructure to meet international standards. We continue investing in technology, enhancing process transparency, and striving to foster a sustainable, competitive trading environment" Murat Kadissov, Caspy Commodity Exchange President
He also noted that, as part of its CSR strategy in 2024, the exchange provided charitable assistance to families in need, distributing food packages and heating fuel ahead of winter. The CCX team also celebrated the victory of Akmaral Nauatbek, a supported athlete since 2014, who won gold in judo at the 2024 Paralympic Games in Paris.
The IAE’s annual meeting program was timed to mark the 25th anniversary of the International Association of Exchanges and the 20th anniversary of the Belarusian Universal Commodity Exchange. The gathering served as a platform to discuss the role of exchanges in today’s economy – from digital transformation and transparency to the strategic development of commodity, stock, and currency markets.
