Ukrainian Exchange Upgrades to Affiliate Status of WFE
Ukrainian Exchange becomes the first an affiliate member of the World Federation of Exchanges among Ukrainian stock exchanges. On the October 14, 2012 this decision was taken by the Board of Directors of WFE in Taipei, Republic of China (Taiwan).
"A year ago, Ukrainian Exchange was granted a status of a corresponding member of WFE, and now we raised our status higher in WFE scale. It’s very important for us, that our colleagues from World Federation of Exchanges appreciated presence of efficient stock market in Ukraine", — said Oleg Tkachenko, CEO of Ukrainian Exchange. — "Our next goal is to become a full-fledged member of WFE. This is of considerable importance not only to the Ukrainian Exchange and its clients, it will be quality rating of our market. Cooperation with WFE gives us the opportunity to use the experience of developed countries and world stock exchange industry to develop the local market infrastructure, helping to improve our regulation."
World Federation of Exchanges with 52 year history comprises 76 most developed stock exchanges, 5 professional associations, 17 affiliate members and 24 participants in the status of a corresponding member.
The Ukrainian Exchange is the liquidity center of stocks and derivatives trading in Ukraine.
Securities market was launched in March 2009 and trading on the derivatives market started in May 2010. Both markets meet the best international practices.
The Ukrainian Equities Index is an indicator calculated by the Ukrainian Exchange. The Index is started calculated during the trading session every 15 seconds. Index constituents are comprised of the most liquid stocks of Ukrainian companies. The initial value of the Index was set at 500 points.
Futures on the UX Indexis the most liquid instrument of the Ukrainian market.
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