The Ukrainian Exchange (; ) was founded in 15th of May, 2008 and its operation premises are situated at 7g, Tropinina Street,
Kyiv
Kyiv, also spelled Kiev, is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper River. As of 1 January 2021, its population was 2,962,180, making Kyiv the seventh-most populous city in Europe.
Kyi ...
.
The Exchange is one of the largest
stock exchanges in
Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...
. The exchange is located in
Kyiv
Kyiv, also spelled Kiev, is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper River. As of 1 January 2021, its population was 2,962,180, making Kyiv the seventh-most populous city in Europe.
Kyi ...
, Ukraine's capital city, and was the main
trading venue
An exchange, bourse (), trading exchange or trading venue is an organized market where (especially) tradable securities, commodities, foreign exchange, futures, and options contracts are bought and sold.
History
12th century: Brokers on t ...
for equities and derivatives in Ukraine. It is under the jurisdiction of the
Ministry of Finance of Ukraine.
Due to the
2022 Russian Invasion of Ukraine
On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's largest refugee crisis since World War II. ...
, it has temporarily stopped its operation and suspended additional workloads. It also encouraged citizens and businesses to sell Russian roubles, stocks and bonds in order to help defend and repel the Russian invasion.
History
In May 2008 the largest participants of the Ukrainian securities market signed the Memorandum of Understanding with the
RTS
RTS may refer to:
Medicine
* Rape trauma syndrome, the psychological trauma experienced by a rape victim
* Revised Trauma Score, a system to evaluate injuries secondary to violent trauma
* Rubinstein–Taybi syndrome, a condition characterized by ...
Stock Exchange to create a new exchange in
Kyiv
Kyiv, also spelled Kiev, is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper River. As of 1 January 2021, its population was 2,962,180, making Kyiv the seventh-most populous city in Europe.
Kyi ...
.
51% of stocks of the exchange were bought by the Ukrainian broker/dealers, 49% – by the
RTS
RTS may refer to:
Medicine
* Rape trauma syndrome, the psychological trauma experienced by a rape victim
* Revised Trauma Score, a system to evaluate injuries secondary to violent trauma
* Rubinstein–Taybi syndrome, a condition characterized by ...
Stock Exchange.
In October 2008 the Ukrainian Exchange was registered as a
legal entity
In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on. The reason for ...
.
In December 2008 the State Commission of Ukraine (the state regulator for Securities and
Stock market at that time) granted the UX a license of a stock exchange.
The official trading started on 26 March 2009 with over 80 of the most liquid Ukrainian stocks.
On 27 April 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 14 May 2009, the Ukrainian Exchange launched its
repo market using an RTS Plaza syste
On 16 September 2009, the Central Counterparty (CCP) technology was introduced to provide investors with anonymity in settlement.
On 27 May 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 26 April 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 bought out from Moscow Exchange its stake in UX
On 19 December 2016 Ukrainian Exchange launched two new futures contracts – on index of Bitcoin and on price of Brent crude oil.
On 2 May 2018
CNSD's Decision provides for application of restrictive measures to and against certain Ukrainian entities that use the software produced by Moscow Exchange. Such Software is used, in particular, by Ukrainian Exchange and professional securities brokers and dealers, which are participants of the Ukrainian Exchange. From 18 June 2018 Ukrainian exchange switch trading to bilateral trade reporting.
After the commencement of the
2022 Russian Invasion
On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's List of largest refugee crises, largest refugee cris ...
on February 24, it announced on the same day its suspension of activities as well as daily operations. In its official site, it encouraged people to sell Russian roubles, stocks, bonds, ETFs, ADRs and GDRs to support the resistance against the imminent Russian advance.
On 2 March, restricted trading is resumed in the form of military government bonds to continue financing the
Armed Forces of Ukraine.
Products and services
Equities
Trading technologies implemented on The Ukrainian Exchange:
* order-driven market,
* quote-driven market,
* repo market.
Fixed-Income
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 – ₴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
National Bank of Ukraine ( uk, Національний банк України) or NBU ( uk, НБУ) is the central bank of Ukraine – a government body responsible for unified state policy in the field of country's monetary circulation, includ ...
.
Derivatives
The derivatives market on the Ukrainian Exchange was launched on 27 May 2010. It operates on the trading platform provided by
Russian Trading System
The Russian Trading System (RTS) was a stock market that operated in Moscow from 1995 to 2011. It was established in September 1995 to consolidate various regional trading floors into one exchange. In December 2011 it merged with Moscow Interbank ...
with its proven collateral system and Central Counterparty guarantees, which has been operating successfully in Russia and demonstrated its capability during more than one crisis. Before June 2018, the Ukrainian Exchange trades contracts on the following underlyings:
* UX Index (Ukrainian equities market benchmark);
* US Dollar to Ukrainian Hryvnia exchange rate;
* Euro to US Dollar exchange rate;
* Gold price;
* Brent crude oil price;
* Bitcoin price;
* Corn price;
* Wheat price.
Privatization auctions
The Ukrainian Exchange holds trading in block of stocks of open joint stock companies in a form of a
privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...
auctions in accordance with "Provisions on the order for sale on the exchange stocks of the open joint stock companies owned by the state" and Trading Rules on The Ukrainian Exchange. The
State Property Fund of Ukraine acts at the auctions as a Seller, and both legal entities and individuals who in accordance with the current legislation of
Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...
have a right for acquisition of property in the process of privatization can act as Buyers.
In order to become a buyer at the privatization auction on The Ukrainian Exchange, residents need to fill in the documents, given below. Non-residents can contact one of members of exchange.
Privatization auctions on The Ukrainian Exchange take place every Tuesday. The Exchange informs of the date and time of an auction on its website well in advance.
See also
*
Stock exchange
*
Clearing house (finance)
A clearing house is a financial institution formed to facilitate the exchange (i.e., '' clearance'') of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms (also known as member firms or partici ...
*
Central Counterparty Clearing A central clearing counterparty (CCP), also referred to as a central counterparty, is a financial institution that takes on counterparty credit risk between parties to a transaction and provides clearing and settlement services for trades in fore ...
*
Economy of Ukraine
The economy of Ukraine is an emerging, mixed economy located in Eastern Europe. It grew rapidly from 2000 until 2008 when the Great Recession began worldwide and reached Ukraine. The economy recovered in 2010 and continued improving until 2013 ...
References
External links
Ukrainian Exchange Official Website
{{commonscat, Ukrainian Exchange
Stock exchanges in Europe
2008 establishments in Ukraine
Companies of Ukraine
Economy of Kyiv
Ukrainian brands
Stock exchanges in Ukraine