On the 23rd of May, 2011 meeting of the company’s management of “NIBULON” with representatives of the Association “Union of Agricultural exchanges of Ukraine” and NYSE Euronext was held.  NYSE Euronext is the only international exchange system of national exchanges, established in order to create effective trade in commodity derivatives and globalization of exchange market. Now it includes the stock exchanges of Paris, New York, Lisbon, Amsterdam, Brussels and London International Financial Exchange of futures and options (LIFFE). Capitalization of NYSE Euronext is about EUR 22.3 trillion. The aim of the arrival of such serious financial institution was consideration of possibility to enter the Ukrainian market. Over the past two years representatives of the Association “Union of Agricultural exchanges of Ukraine” have been negotiating with NYSE Euronext as to cooperation in the establishment of the Ukrainian commodity market of futures and options. Ukraine occupies an important place in world production and export of grain, but it does not have the appropriate exchange mechanisms that would facilitate the determination of fair prices for grain and other crops. Ukraine occupies a unique geographical position, which could contribute to the success functioning of commodity market of futures and options of Black Sea region”. Integration of the Ukrainian exchange market to the globalized world exchange market will allow implementing mechanisms of effective formation of pricing and insurance of financial and price risks, which are important components in ensuring the development of agricultural sector and also will assist in creating attractive investment climate in agricultural complex in Ukraine. Currently, the management is interested in terminals that could be exchange storage structures. Thus after the arrival in Ukraine NYSE Euronext met with the management of “NIBULON”, because the EBRD recommend visiting it as an example of developed infrastructure of grain market in Ukraine to the experts of exchange. Thus, according to the head of direction of commodity products development of NYSE Euronext Ian Daddena: “One of the aims of the visit of NYSE Euronext to Ukraine was preparation of standardized contracts that would be connected to real elevators. Today, NYSE Euronext is one of the leading exchanges in the world market and has a number of contracts that have become benchmark in comparison of prices in the world market, such as the European Contract for wheat. Currently, NYSE Euronext is ready to cooperate with the appropriate associations and companies in order to help to create a developed market in Ukraine, if there is such an interest today. In fact, according to NYSE Euronext, creating the contract, connected to Black Sea wheat, will expand opportunities for traders in different trade strategies”. Ian Dudden and Deputy General Director for Trade of “NIBULON” Andriy Vadaturskyy agreed that now in Ukraine there is a problem of perception of exchange contracts only as possible speculation. According to Andriy Vadaturskyy, such an attitude is embodied in the mentality of people from the Soviet times and is now becoming an obstacle to build a civilized exchange trade. During the business meeting, Director General of “NIBULON” Oleksiy Vadaturskyy noted that “NIBULON” integrated into the global trading system long ago and now cooperates with international financial institutions: “As an experiment we are ready to become pioneers in cooperation with you. Our company is ready to work on those mechanisms.  Still it is a question whether Ukraine is ready to work or not. In addition, there is an enormous corruption and there are no guarantees of protection of private property. Despite all this, I’m sure there are ways out of this situation, our country has every opportunity to become a civilized market country”. Comparing these issues with the situation in Russia Oleksiy Vadaturskyy said: “The grain market of Ukraine has received only the first hit, but the whole infrastructure has been saved. So with your help it is possible to create a civilized market in Ukraine”. General Director of the Association “Union of Agricultural exchanges of Ukraine” Borys Berenshtein supported the opinion of Oleksiy Vadaturskyy as to instability of the situation in the grain market of Ukraine. Thus, Borys Berenshtein made an emphasis on non-transparent and speculative pricing of Ukrainian Agrarian Exchange, “when during one week the same contracts were concluded at different prices”. Besides business negotiations representatives of the Association “Union of Agricultural exchanges of Ukraine” and NYSE Euronext also visited “Novoodes’ka” branch and the  transshipment terminal in Mykolayiv city and familiarized themselves with the implementation of investment program of “NIBULON” on the revival of river logistics in Ukraine. The transshipment terminals of the company impressed specialists of NYSE Euronext: “One of the goals of our stay here was to get acquainted with the level of infrastructure development in Ukraine, – says Ian Dudden – so the visit to “NIBULON’s” enterprises is very important for the realization of our project. We were pleasantly impressed with enterprises of the company. “NIBULON” once again confirms that despite all the external obstacles, transparent and civilized style of doing business of the company, publicity and openness to the community makes it an attractive and reliable partner in the eyes of international companies and organizations. The successful integration into the international market today allows “NIBULON” to be included in projects that have strategic importance for the Ukrainian economy.