decision dated July 14, 2009 State Commission on Securities and Stock Market approved the amendments to the Regulation the Ukrainian market. The new version of the Regulation, containing a number of important changes, comes into effect from 3 August 2009.

first innovation relates to the description of repo transactions.

repo consists of two sales of securities, which have opposite directions and separated by time. The economic meaning of this operation is to provide a loan of money under the collateral securities or borrowing of securities under the bail money.

Tools of funding is very important for the development of a market that requires a 100% deposit of securities and money - explains the First Deputy Chairman of the Board of JSC Ukrainian Exchange Alexey Sukhorukov. - There are a number of situations in which investors need to bring paper or money some time to trade or payments. repo mechanism allows with minimal risk to place or take a CB or money. This exchange ensures compliance with the principle of delivery versus payment, as in the first part, and on the second part of the repo.

second, no less important change is the description of market quotations, which is optimal for less liquid securities, as the quotes are non-anonymous, and they do not want to pre-deposit. This is necessary to trade in securities with a broad spread, where there is a need to haggle on price, volume and time calculations.

Experience has shown that only 30-40 shares can be effectively treated at the market applications, - said Alexey Sukhorukov. - In an anonymous market nizkolikvidnye securities traded worse because it often spreads to such an extent that to make a deal without additional negotiations not always possible.

Now the list of securities the Ukrainian market includes more than 70 shares, but are actively traded, only about half. Market is interested in expanding the range of securities for which we are pricing platform and market quotations would do so — I am sure Mr. Sukhorukov.

The third addition to the trading rules allow the Ukrainian Stock Exchange to interact with the central counterparty.

Central counterparty decides three very important objectives: ensure the anonymity of payment transactions, provides an opportunity in the Civil Code, enter into transactions on the two applications filed by one trader on the basis of the treaty commission, and also allows to optimize the costs of participants for the exchange trading requirements for Financial Monitoring , - says Alexey Sukhorukov. This institution exists in all developed markets, and our new rules now make it possible to implement it, and in Ukraine.

The fourth change relates to changes in the calculation of the exchange rate, which will be calculated taking into account all the transactions, the execution on hold for no more than 3 calendar days from the date of detention.

The new edition of the Rules published on the site of the Ukrainian market .

In the capital of Kyrgyzstan was the inauguration of President Bakiev
Every second is ready for the immoral act for the preservation of the
Takes money from the bank
How to make millions on a mixture of salt and soda
Head FRS Bernanke crisis in impoverished
Magna remains the favorite in the fight for Opel
In Kiev, killed up to 90% of plants planted
The Ukrainians will not be able to pay the loans for auto
Traffic congestion costs the economy of Germany's 100 billion euro a year.