Mongolian Agricultural Commodity Exchange

Name	Mongolian Agricultural Commodity Exchange
Country	Mongolia
SSE Derivative Network member	Yes
Number of contracts traded for the most recent reporting year	983
Contracts traded (futures)	100
Contracts traded	50
SSE Stock Exchange Database	No
Type of offered products	Commodity Options and Futures Agriculture raw and processed materials spot contracts
Has an annual sustainability report?	No
Is sustainability reporting required of any market participants	No
Exchange has written guidance on sustainability reporting for any market participants	No
Offers sustainability-aligned products	No The exchange is working with The Sustainable Fibre Alliance (SFA) to introduce green commodity.
Offers sustainability-related training	No
Additional information
Regulatory bodies	Financial Regulatory Commission of Mongolia (FRC)
About the exchange	MACE is a state-owned enterprise that operates on regulated market under supervision of the Financial Regulatory Commission of Mongolia. MACE was established in 2013, in accordance with the Law on Agricultural Products and Commodity Exchange, with a main goal to establish a comprehensive system for supplying, storing, transporting and trading in agricultural goods and raw materials in accordance with quality standards, thus increasing participation of herders and cooperatives in trading activities to support sustainable income generation, support domestic producers, promote exports and develop digital agriculture. MACE currently provides a platform for spot and derivatives market trading and plays a role in price discovery and transparency, and ensuring safe and efficient trading and settlement of commodities contracts, such as processed and semi-processed raw materials, specifically cashmere, wool, wheat, meat, livestock, skin and hide. The Exchange is located in Ulaanbaatar, Mongolia. It employs 36 staff. It operates with four departments, Trading and Market Development Department, Membership and Registration Department, Administration and Finance Department, Information Technology Development Department.