Ukrainian Exchange launches country’s first online stock trading system
/EIN News/ Kyiv, Ukraine March 26, 2009. The Ukrainian Exchange announced the launch of the first online stock trading system in Ukraine. With the online stock trading system launched, investors from any location will have direct access to trading securities in the stock market. Direct access of individual investors to trading in the Ukrainian Exchange is expected to facilitate the long-awaited stock market development and to open up new investment opportunities for the Ukrainian citizens. The Ukrainian Exchange is a joint initiative of Russian Trading System (RTS) Stock Exchange and the leading Ukrainian brokerage companies. To organize trading and process transactions at Ukrainian Exchange, RTS Plaza trading system, developed by RTS, will be used.
The Ukrainian Exchange was established in May 2008 with authorized capital of 12 million hryvnias (over 1,5 million US dollars). RTS holds a 49% stake in the company with 51% owned by 21 Ukrainian brokerage companies. Around $10 million dollars in total is going to be invested into this project within 3 years.
Roman Goryunov, RTS CEO: “In today’s difficult economic situation, the Ukrainians are in need of new investment opportunities. The online stock trading system offered by the Ukrainian Exchange will allow investors to trade in the most liquid local stocks on the Order-Driven market with minimum transaction risks, i.e. in the anonymous order book with 100% advance depositing of assets and DVP settlement”.
Oleg Tkachenko, Ukrainian Exchange CEO: “The Ukrainian Exchange will finally make stock market trading accessible to individual investors all over the country. The online stock trading system we launched has been adjusted to specifically match the Ukrainian market legislation and requirements. The test trading has been going on for several months, and all accredited broker companies are prepared to work with a new, broad range of investors”
