Ukrainian Exchange launches repo market

Until May 14, 2009 there was no repo market in Ukraine. The development of a securities and repo market, in particular, was initially delayed by the absence of a fully-fledged stock market equipped with a smooth cooperation with a settlement and clearing system, which allows trades to be concluded and executed in real time mode.

A new information system of entering repo quotes is now offered to the market participants. This has become a logical step in expanding the range of services offered by the Exchange", says Oleg Tkachenko, CEO of the Ukrainian Exchange. 

Repo transaction is a type of sale and purchase transaction, where a securities holder sells assets to the counteragent and commits to repurchasing the asset at a specified price on a given date.

"Transactions of that kind are a convenient way  of promptly crediting cash with the securities used as collateral or crediting securities with cash funds used as collateral", comments Oleg Tkachenko.

The Ukrainian Exchange now provides market participants with a new financial instrument, which will give additional opportunities to make businesses more effective and help raise the liquidity of the securities market.

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