A memorandum of understanding has been signed between the Belarusian Universal Commodity Exchange and Azerbaijan's AI-based automation systems developer, Aigen Solutions LLC, Belta reports.
The document was signed by Olga Gorelik, First Deputy Chairperson of the Board of the Belarusian Universal Commodity Exchange, and Ismayil Mammadli, Director of Aigen Solutions.
The signing ceremony took place during a visit by representatives of Azerbaijani business circles to the Belarusian Universal Commodity Exchange.
Under the memorandum, the parties will develop cooperation in the application of artificial intelligence technologies to optimize and improve the efficiency of business processes related to the organization and conduct of exchange trading.
One of the key areas of cooperation will be the integration of AI solutions into the infrastructure and operational activities of the Belarusian Universal Commodity Exchange. This will enable the automation of large-scale data analysis, market trend forecasting, and risk management.
The parties also intend to hold regular consultations on the implementation of digital technologies in trade, exchange experience, and carry out joint projects to test AI solutions in exchange operations.
“The implementation of artificial intelligence systems is not merely an adaptation to a technological trend, but an objective necessity for a modern exchange. Such solutions make it possible to increase the accuracy of market data analysis, optimize trading processes, and minimize operational risks,” Olga Gorelik said.
For his part, Aigen Solutions Director Ismayil Mammadli noted that adapting advanced AI technologies to the real tasks of exchange trading would be beneficial for customers.
“Through partnership with the Belarusian Universal Commodity Exchange, we will be able to adapt advanced artificial intelligence technologies to the real tasks of exchange trading. I am confident that the result of our joint activities will be flexible and scalable digital solutions that will bring practical benefits both to the exchange and to its customers in various countries around the world,” he said.
Currently, 218 residents of Azerbaijan are accredited at the Belarusian Universal Commodity Exchange. According to the results of the first five months of 2026, exchange trade turnover between Belarus and Azerbaijan increased by 15% to reach $48 million.
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