FEAS Yearbook FEAS Yearbook 2008 | Page 62

FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2008 UKRAINIAN STOCK EXCHANGE Valentin Oskolsky Chairman of the Board The USE activity throughout the year was focused on improvement of trading technology, widening the number of market instruments and supplementing the market information. Trading value of the Ukrainian Stock Exchange (USE) in 2007 amounted to US$ 16.8 million. If we analyze trading structure by market instrument, we can see that trading value for derivatives increased to 15.5% from 0.05% in 2006, but trading value for corporate bonds decreased to 17.3% in 2007 from 53% in 2006. The most traded instrument was state-owned shares. through the Securities Chair. Starting from 2002 there has been a Student Stock Exchange at the USE. Every student has an opportunity to become an exchange specialist and then a broker. Through gaining theoretical and practical knowledge and accumulating experience, students realize the importance of capital markets and can better make their choice of future professions. The USE activity throughout the year was focused on improvement of trading technology, widening the number of market instruments and supplementing the market information. It is our belief that the USE has chosen a strategy that will gradually result in transparent, liquid, investment and an attractive capital market. The USE also provides educational activity. The USE is a co-founder of the Kiev Slavonic University continued its work with students, FUTURE OUTLOOK Plans for the USE in 2008 include: • expansion through the System of Electronic Trading (SELT USE) secondary securities turnover and trading the internal state loan bonds; • creation of the conditions and basis for formation and development of a derivatives market; • taking actions to attract new members to operate in SELT USE; • participation in the privatization processes planned to be implemented by the State Privatization Program and the Law of Ukraine “On State Budget of Ukraine for 2008”; • improvement of technologies for trading State- owned shares of privatized companies; • promotion for the attraction of direct national and foreign investments to develop strategically important industry companies during the process of its privatization; • development of the electronic documentation turnover and electronic digital signature according to new Ukrainian legislation; • development of Exchange information areas, expansion of publishing, scientific, methodical and educational activities in order to prepare specialists for national capital market; and • strengthening the international cooperation with foreign stock exchanges and international financial organizations. CONTACT INFORMATION Contact Name Mrs. Hanna Yatsyuk E-mail [email protected] Website www.ukrse.kiev.ua PAGE 62