Stock exchanges in Ukraine are

stock exchanges A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the i ...

based 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 ...

. Stock exchanges really surfaced by the end of the 1990s, but it was not until the

Orange Revolution The Orange Revolution ( uk, Помаранчева революція, translit=Pomarancheva revoliutsiia) was a series of protests and political events that took place in Ukraine from late November 2004 to January 2005, in the immediate afterm ...

when stock market in Ukraine showed a noticeable growth. , a number of stock exchanges in Ukraine were owned by Russians.

Market description

According to the classification of Standard and Poor's, the securities market in Ukraine is defined as the ''Frontier Market'' (see

Credit rating A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. ...

). The class includes some 20 countries across the globe, among which are several neighbors of Ukraine (most of them member of the

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...

such as

Romania Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, S ...

Bulgaria Bulgaria (; bg, България, Bǎlgariya), officially the Republic of Bulgaria,, ) is a country in Southeast Europe. It is situated on the eastern flank of the Balkans, and is bordered by Romania to the north, Serbia and North Macedon ...

Baltic states The Baltic states, et, Balti riigid or the Baltic countries is a geopolitical term, which currently is used to group three countries: Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, ...

and others. In 2011 the

Standard & Poor's S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is con ...

gave Ukraine the lowest investment grade of B along with such countries as

Belarus Belarus,, , ; alternatively and formerly known as Byelorussia (from Russian ). officially the Republic of Belarus,; rus, Республика Беларусь, Respublika Belarus. is a landlocked country in Eastern Europe. It is bordered by R ...

Bosnia Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and He ...

and

Albania Albania ( ; sq, Shqipëri or ), or , also or . officially the Republic of Albania ( sq, Republika e Shqipërisë), is a country in Southeastern Europe. It is located on the Adriatic and Ionian Seas within the Mediterranean Sea and shares ...

. The biggest stock exchange that proved itself well in 2005 was the PFTS Stock Exchange. It is also recognized as one by the S&P. Based in Kyiv, in 2005 the stock exchange owned some 86% of market contracts in Ukraine. In 2011 the National Rating Agency of Ukraine "Rurik" composed an analytic review of stock market in Ukraine based on the report of the National Commission on Securities and Exchange "Ukrainian stock market in 2011: confidence, stability and growth" ( uk, Український фондовий ринок у 2011 році: впевненість, стійкість та зростання)."Rurik". ''Analytic review of stock market in Ukraine''
/ref> According to the review 98% of all contracts are concentrated at three stock exchanges of Ukraine: PFTS, Perspective, and Ukrainian Exchange (UX). And if in 2010 PFTS owned almost 50% of all trading, 2011 it yielded the some volume of trading to Perspective and UX yet still staying as a leading stock exchange in the country.

History

The first stock exchange was Ukrainian Stock Exchange created in 1991 with the help of $5 million grant from the French government. The same year parliament adopted the Law of Ukraine "About securities and stock exchange". In 1994 the Presidential decree "About investment funds and investment companies". Next year there was established the State Commission in securities and stock market that sets regulations on securities trading (similar to

U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

). In 1996 there was created electronic trade system, PFTS. Next year the private sector established a common

depositary In international law, a depositary is a government or organization to which a multilateral treaty is entrusted. The principal functions of a depositary are codified in Article 77 of the Vienna Convention on the Law of Treaties. Belgium Belgium's M ...

"Inter-regional Stock Union".

List of stock exchanges

* Ukrainian Stock Exchange * Crimean Exchange * Luhansk Exchange * Dnieper Exchange * Donbas Stock Exchange * Kyiv International Stock Exchange * Ukrainian Interbank Currency Exchange * Ukrainian Universal Exchange

List of trade-information systems

PFTS Stock Exchange The PFTS Stock Exchange is a leading stock exchange in Ukraine that for a long time (until 2006) legally was considered as a trading system, hence its name the First Stock Trading System (PFTS). The trading occurs on working days between 10:00 an ...

* South-Ukrainian Trade Information System * Perspectiva Stock Exchange

Popular indices

* PFTS index * KP-Dragon * UX Index * UAI-50

References

External links

Official website of the National Commission of Securities and Exchange

Ukrainian Studies on Stock Exchange
* Law of Ukrain
"About Securities and Stock Exchange

Biggest Stock Exchanges

Ukrainian Stock Exchange official website

Ukrainian Universal Commodity Exchange official website
{{Ukraine topics Economy of Ukraine Stock exchanges in Europe