Stock exchanges in Ukraine are

stock exchanges A stock exchange, securities exchange, or bourse is an Exchange (organized market), exchange where stockbrokers and stock trader, traders can buy and sell security (finance), securities, such as share (finance), shares of stock, Bond (finance) ...

based in

Ukraine Ukraine is a country in Eastern Europe. It is the List of European countries by area, second-largest country in Europe after Russia, which Russia–Ukraine border, borders it to the east and northeast. Ukraine also borders Belarus to the nor ...

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

Orange Revolution The Orange Revolution () was a series of protests that led to political upheaval in Ukraine from late November 2004 to January 2005. It gained momentum primarily due to the initiative of the general population, sparked by the aftermath of the ...

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). It is the practice of predicting or forecasting the ability of a supposed debtor to pay back the debt or default. The ...

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

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such as

Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...

Bulgaria Bulgaria, officially the Republic of Bulgaria, is a country in Southeast Europe. It is situated on the eastern portion of the Balkans directly south of the Danube river and west of the Black Sea. Bulgaria is bordered by Greece and Turkey t ...

Baltic states The Baltic states or the Baltic countries is a geopolitical term encompassing Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, and the OECD. The three sovereign states on the eastern co ...

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 co ...

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

Belarus Belarus, officially the Republic of Belarus, is a landlocked country in Eastern Europe. It is bordered by Russia to the east and northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. Belarus spans an a ...

Bosnia Bosnia and Herzegovina, sometimes known as Bosnia-Herzegovina and informally as Bosnia, is a country in Southeast Europe. Situated on the Balkans, Balkan Peninsula, it borders Serbia to the east, Montenegro to the southeast, and Croatia to th ...

and

Albania Albania ( ; or ), officially the Republic of Albania (), is a country in Southeast Europe. It is located in the Balkans, on the Adriatic Sea, Adriatic and Ionian Seas within the Mediterranean Sea, and shares land borders with Montenegro to ...

. 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" ()."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 United States 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. Its primary purpose is to enforce laws against market m ...

). 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. Belarus The phrase ...

"Inter-regional Stock Union".

List of stock exchanges

* Ukrainian Stock Exchange * Kyiv International Stock Exchange * Ukrainian Interbank Currency Exchange * Ukrainian Universal Exchange

List of trade-information systems

* PFTS Stock Exchange * 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