The Ukrainian Exchange ( ; ) was founded in 15 May 2008 and its operation premises are situated at 7g, Tropinina Street,

Kyiv Kyiv, also Kiev, is the capital and most populous List of cities in Ukraine, city of Ukraine. Located in the north-central part of the country, it straddles both sides of the Dnieper, Dnieper River. As of 1 January 2022, its population was 2, ...

. The Exchange is one of the largest

stock exchange 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 ...

s 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 ...

. The exchange is located in

, Ukraine's capital city, and was the main

trading venue An exchange, bourse (), trading exchange or trading venue is an organized market (economics), market where (especially) tradable securities, commodity, commodities, foreign exchange market, foreign exchange, futures contract, futures, and option ...

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, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thou ...

, 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

. 51% of stocks of the exchange were bought by the Ukrainian broker/dealers, 49% – by the

Stock Exchange. In October 2008 the Ukrainian Exchange was registered as a

legal entity In law, a legal person is any person or legal entity that can do the things a human person is usually able to do in law – such as enter into contracts, lawsuit, sue and be sued, ownership, own property, and so on. The reason for the term "''le ...

. In December 2008 the State Commission of Ukraine (the state regulator for Securities and

Stock market A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange a ...

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 A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of secured short-term borrowing, usually, though not always using government securities as collateral. A contracting party sells a security to a lend ...

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 Direct market access (DMA) in financial markets is the electronic trading infrastructure that gives investors wishing to trade in financial instruments a way to interact with the order book of an exchange. Normally, trading on the order book i ...

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 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 The Armed Forces of Ukraine (AFU) are the Military, military forces of Ukraine. All military and security forces, including the Armed Forces, are under the command of the president of Ukraine and subject to oversight by a permanent Verkhovna Rad ...

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 The face value, sometimes called nominal value, is the value of a coin, bond, stamp or paper money as printed on the coin, stamp or bill itself by the issuing authority. The face value of coins, stamps, or bill is usually its legal value. Ho ...

. 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 The National Bank of Ukraine ( ; NBU []) is the central bank of Ukraine. Created in 1991 from the Ukrainian operations of the Soviet Gosbank, the NBU employs over 12,000 people, making it one of the largest employers in the financial sector in ...

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 Interba ...

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 (rendered 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 w ...

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 State most commonly refers to: * State (polity), a centralized political organization that regulates law and society within a territory **Sovereign state, a sovereign polity in international law, commonly referred to as a country **Nation state, a ...

of Ukraine acts at the auctions as a Seller, and both legal entities and individuals who in accordance with the current legislation of

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.

References

External links

Ukrainian Exchange Official Website
{{commons category, Ukrainian Exchange Stock exchanges in Europe 2008 establishments in Ukraine Companies of Ukraine Economy of Kyiv Ukrainian brands Stock exchanges in Ukraine