Solid Commodity Markets

The company "Solid Commodity Markets" was established in February 2009 specifically for servicing client exchange and OTC operations in the oil products market. Solid Commodity Markets is one of the leading brokerage companies in Russia that provide services in commodity markets.

Solid Commodity Markets organizes the access of its customers to trading at all sections of the St. Petersburg International Commodity and Raw Materials Exchange, the Moscow International Commodity and Energy Exchange and CJSC Exchange St. Petersburg.

"Solid Commodity Markets":

• Full member of the St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX).
• Broker at the Moscow International Commodity and Energy Exchange (MMTB).
• Broker at CJSC Exchange St. Petersburg.
• Marketmaker in the market of futures contracts for diesel fuel and Regular-92 of the St. Petersburg International Commodity and Raw Materials Exchange.

History

2021: FAS fine 509 million rubles for cartel conspiracy

In July 2021, the Federal Antimonopoly Service imposed fines on the largest oil trader Solid  - Commodity Markets and A-Oil, accusing them of cartel collusion in oil products exchange trading in 2018. Each of them must pay more than 509 million rubles, the FAS said.

According to the antimonopoly service, due to the actions of these two traders, prices for oil products were overstated on the St. Petersburg International Commodity and Raw Materials Exchange.