Ukrainian Exchange
 |
|
 |
|
| Type | |
|---|---|
| Location | Kiev, Ukraine |
| Founded | May 15, 2008 |
| Key people |
Artem Yershov (Chairman) Oleg Tkachenko (CEO) |
| Currency | Ukrainian hryvnia (UAH) |
| No. of listings | 181 (May 2011) |
| Market cap | US$40 billion (May 2011) |
| Volume | US$39 million (May 2011) |
| Indices | UX Index (UAX) |
| Website | www.ux.ua |
The Ukrainian Exchange is one of the largest in Ukraine. The exchange is located in Kiev and now is the main trading venue for equties and derivatives in the country.
The Exchange was founded in 2008 and its current premises are situated in the Horizon Office Tower.
In May 2008 the largest participants of the Ukrainian securities market signed the Memorandum of Understanding with the RTS Stock Exchange to create a new exchange in Kiev.
51% of stocks of the exchange were bought by the Ukrainian broker/dealers, 49% - by the RTS Stock Exchange.
In October, 2008 the Ukrainian Exchange was registered as a legal entity.
In December, 2008 the State Commission of Ukraine (the state regulator for Securities and at that time) granted the UX a license of a stock axchange.
The official trading started on March 26, 2009 with over 80 of the most liquid Ukrainian stocks.
On April 27, 2009 the Ukrainian stock index (UX) was launched as the first on-line index in Ukraine. The first value as of 26, March 2009 was 500 and the initial basket consisted of 10 most liquid blue chips.
On May 14, 2009, the Ukrainian Exchange launched its repo market using an RTS Plaza system [1].
On September 16, 2009, the Central Counterparty (CCP) technology was introduced to provide investors with anonymity in settlement.
On May 27, 2010 the Ukrainian Exchange opened the first ever derivatives market in Ukraine. The first traded instrument was a futures contract on the UX Index.
As of October, 2010, 160 professional brokerage companies were registered by the exchange. 23 of them provide direct market access to the exchange for their clients.
On April 26, 2011 the Ukrainian Exchange launched trading in options contracts.
In January, 2015 the new futures on USDUAH, EURUSD and gold price were launched
In 1Q 2016 Dragon Capital and UNIVER Investment Group bough out from Moscow Exchange its stake in UX
On December 19, 2016 Ukrainian Exchange launched two new futures contracts - on index of Bitcoin and on price of Brent crude oil.
Trading technologies implemented on The Ukrainian Exchange:
In a bid to improve the technological capabilities and to expand its list of trade instruments, the Ukrainian Exchange offers access to the market of internal government loan bonds (government bonds). Order prices are quoted as a percentage of the bonds’ face value. All orders submitted to the order book are binding offers. When a trade is executed its value includes the accrued interest calculated for the specified final settlement date. Minimum lot – UAH 10,000. In order to be admitted to trading on the government bonds market exchange members must register at least one customer code or proprietary trading code linked to an account in the depository National Bank of Ukraine.
...
Wikipedia