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Ukrainian Exchange launches new futures contracts

On January 28, 2015 Ukrainian Exchange launches new futures contracts on USD/UAH exchange rate and on the price of one troy ounce of gold. This decision was taken by the Exchange Board of Ukrainian Exchange on January 22, 2015.

Initial Margin for futures contract on UAH/USD exchange rate is set - 20%, for gold futures - 10%.

"These instruments has long needed for the market, especially we are waiting a futures contract on USD/UAH. It will allowed to reduce the pressure on FX market, as a part of the backlog of speculative interest in the currency will go to the regulated stock market. We also expect that the new real hedging mechanism will help to increase the liquidity on the stock market, - said Oleg Tkachenko, CEO of Ukrainian Exchange. – Besides that, futures contract on USD/UAH will be very interesting to foreign investors, which has the currency risk as one of the key factor when they planning to invest in Ukrainian assets."

New contracts will expand capabilities of participants, will allow to hedge currency risks, as well as may be used in different investment strategies. It is expected that new instruments will be used by a wide range of market participants, including local and foreign investors, the real sector of economy (exporters and importers), banks.

Futures contracts will be admitted with expiration date on March 16, 2015. Due to the fact that the USD/UAH exchange rate calculated by EMTA is temporarily discontinued, the Calculated Value for the March contract on UAH/USD exchange rate and gold futures contract will be taken as a weighted average USD/UAH exchange rate published by National Bank of Ukraine, which is determined on the basis of Interbank market data as of 4pm at the Expiration Date.

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

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