Stock exchanges in Ukraine

Last updated

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). The class includes some 20 countries across the globe, among which are several neighbors of Ukraine (most of them member of the European Union such as Romania, Bulgaria, Baltic states and others. In 2011 the Standard & Poor's gave Ukraine the lowest investment grade of B along with such countries as Belarus, Bosnia and Albania.

Contents

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" (Ukrainian : Український фондовий ринок у 2011 році: впевненість, стійкість та зростання). [1] 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). In 1996 there was created electronic trade system, PFTS. Next year the private sector established a common depositary "Inter-regional Stock Union".

List of stock exchanges

Ukrainian Exchange City-Horizon-Tower.jpg
Ukrainian Exchange

List of trade-information systems

Related Research Articles

Stock market Place where stocks are traded

A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks, which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms. Investment is usually made with an investment in mind.

U.S. Securities and Exchange Commission Government agency overseeing stock exchanges

The U.S. 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. The primary purpose of the SEC is to enforce the law against market manipulation.

Stockbroker Professional who buys and sells shares for others

A stockbroker is a regulated broker, broker-dealer, or registered investment adviser who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks and other investments to financial market participants in return for a commission, markup, or fee, which could be based on a flat rate, percentage of assets, or hourly rate. The term also refers to financial companies, offering such services.

Australian Securities Exchange Australian public company

Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange. The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006.

National Stock Exchange of India Stock exchange in Mumbai

National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai, Maharashtra. It is the world’s largest derivatives exchange in 2021 by number of contracts traded based on the statistics maintained by Futures Industry Association (FIA), a derivatives trade body. NSE is ranked 4th in the world in cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for the calendar year 2021. It is under the ownership of some leading financial institutions, banks, and insurance companies. NSE was established in 1992 as the first dematerialized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system that offered easy trading facilities to investors spread across the length and breadth of the country. Vikram Limaye is the Managing Director and Chief Executive Officer of NSE.

An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout the day on stock exchanges whereas mutual funds are bought and sold from the issuer based on their price at day's end. An ETF holds assets such as stocks, bonds, currencies, futures contracts, and/or commodities such as gold bars, and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur. Most ETFs are index funds: that is, they hold the same securities in the same proportions as a certain stock market index or bond market index. The most popular ETFs in the U.S. replicate the S&P 500 Index, the total market index, the NASDAQ-100 index, the price of gold, the "growth" stocks in the Russell 1000 Index, or the index of the largest technology companies. With the exception of non-transparent actively managed ETFs, in most cases, the list of stocks that each ETF owns, as well as their weightings, is posted daily on the website of the issuer. The largest ETFs have annual fees of 0.03% of the amount invested, or even lower, although specialty ETFs can have annual fees well in excess of 1% of the amount invested. These fees are paid to the ETF issuer out of dividends received from the underlying holdings or from selling assets.

The economy of Europe comprises about 748 million people in 50 countries. The formation of the European Union (EU) and in 1999, the introduction of a unified currency, the Euro, brings participating European countries closer through the convenience of a shared currency and has led to a stronger European cash flow. It is important to know the European Union is not a country, it's a global unique organisation, the entity with the biggest economy in the world. The European Union also “regulates” the global market by the Single Market. The difference in wealth across Europe can be seen roughly in former Cold War divide, with some countries breaching the divide. Whilst most European states have a GDP per capita higher than the world's average and are very highly developed, some European economies, despite their position over the world's average in the Human Development Index, are poorer. Europe has total banking assets of more than $50 trillion and its Global assets under management has more than $20 trillion.

Nigerian Exchange Group

The Nigerian Stock Exchange (NSE) is a Nigerian stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the mainboard, and 4 on the Alternative Securities Market (ASeM) board. In the Fixed Income market, the NSE has 84 FGN bonds, 21 state bonds, 27 corporate bonds, 1 supranational bond, and 53 memorandum listings.

The PFTS Stock Exchange is a leading stock exchange in Ukraine that for a long time legally was considered as a trading system, hence its name the First Stock Trading System (PFTS).

The Banja Luka Stock Exchange or BLSE is a stock exchange which operates in the city of Banja Luka in the Republika Srpska, Bosnia and Herzegovina. The Banja Luka Stock Exchange is a member of the Federation of Euro-Asian Stock Exchanges.

PFTS index

PFTS index is a benchmark index of PFTS Ukraine Stock Exchange, Ukraine's leading bourse. Beside PFTS Index, there are also the UX Index of the Ukrainian Exchange and the Ukrainian Average Index 50 (UAI-50) being composed by analysts of internet-publisher fundmarket.ua.

Luxembourg Stock Exchange Stock exchange located in Luxembourg

The Luxembourg Stock Exchange, LuxSE is based in Luxembourg City at 35A boulevard Joseph II.

The Ukrainian Exchange was founded in 15th of May, 2008 and its operation premises are situated at 7g, Tropinina Street, Kyiv.

Finance and Credit (bank) was a Ukrainian commercial bank with its head office located in Kyiv. Bank Finance and Credit was established in 1990 and according to the National Bank of Ukraine ratings it belonged to the group of the major banks in Ukraine by the volume of assets. Net assets on 01.05.2010 made up 20.699 billion Ukrainian hryvnia, the Bank authorised capital made up UAH 2 billion. On 01.07.2010 Bank Finance and System includes 16 branches and 305 outlets over Ukraine.

Public Join-Stock Company First Investment Bank, commonly known as PJSC First Investment Bank is the Ukrainian bank that offers a full range of banking services to private and corporate customers. The bank was registered on 20 June 1997 with its headquarters at 6 Moskovskiy Avenue, Kyiv. There are over 30 branches in 11 regions of Ukraine.

ICU is a Kyiv-based financial group that includes three business areas: trading, investment banking and asset management. The group is owned by its top management. ICU's managing directors are Makar Pasenyuk and Konstantin Stetsenko. During 2007–2014 the group's chairwoman was Valeriya Hontareva, who left its position to serve as a head of the National Bank of Ukraine. In 2013 bank Avangard also joined ICU Group.

Cbonds is a financial data vendor and news agency based in the UAE, Russia and Latvia. Its main business lines include the development and maintenance of financial information websites, holding global financial conferences and publishing (Cbonds Review magazine and annual handbooks.

Perspektiva Stock Exchange — one and only high-tech Ukrainian stock exchange, which has Ukrainian beneficiaries (1), domestically developed software (2), and the active use of electronic documents management (ED) and digital signature (DS), developed in full accordance with requirements of the Ukrainian law.

Concorde Capital

Concorde Capital is a limited liability investment company based in Kyiv, Ukraine. It offers investment banking, brokerage services and asset management in Ukraine. The company was founded in 2004 by its owner and general director, Igor Mazepa.

References

  1. "Rurik". Analytic review of stock market in Ukraine