Repo trades on the Ukrainian Exchange

As of August 3, 2009 traders can make repo trades on the Ukrainian Exchange.

Vladimir Grishchenko, head of Securities Trading of Troika Dialog Ukraine sees this opportunity as a positive development on the Ukrainian stock market.

"Introducing repo trades on the Ukrainian stock market will significantly extend the traders’ set of asset management tools, thus increasing their efficiency. They will be able to lend and borrow cash and securities for a given time, the repo term ranging from several days to weeks", says Vladimir Grishchenko. "The limited liquidity (very small free-float) repo trades will encourage significant growth of the stock market turnover, as the repo trades will be executed on the exchange. Supervision of repo trades settlement carried out by the Ukrainian Exchange will  help in reducing the risks and increasing the credibility among the participants".

Please note that as early as  May the Ukrainian Exchange provided an opportunity to post indicative repo quotations for its traders.

This innovation is covered in the reviewed version of the Trading Rules of the Ukrainian Exchange that was approved by the Stock Market State Commission of the Ukraine on July 14, 2009.

Reference information

JSC "Ukrainian Exchange" went live on March 26, 2009 and has been strengthening its technology leadership in launching order-driven trading, Internet trading, online index calculation and repo quotations.

For the first four months of trading 420 individual investors were connected to the Ukrainian Exchange gaining access to more than 90 top liquid stocks and bonds.

For further information, please contact the Public Relations Department at (044) 495-7474.