Securities Market

At the current stage of development the main goal of the exchange is to establish a liquid securities market on base of a powerful and reliable trading platform that minimizes the transactions risks and enables DMA. For this purpose we use state-of-the-art technologies proved to be failure-resistant during many years of extreme load.

The main principles of the market:

• Anonymous order-driven trading with T+0 settlement and 100% pre-funding of money/securities;
• Flexible settlement cycle of negotiated trades;
• DVP in hryvnias as the only and mandatory settlement technique.

In the trade execution we use electronic document interchange, which save the market participants the necessity to exchange paper documents – a purchase-and-sale agreement is signed between the trading members electronically at the same moment when the trading system matches two orders. The low-cost operations allow brokers to offer the execution fees adequate even for trades as small as 200 hryvnias.

Orders are submitted to the exchange both from the exchange member’s Trading Workstation and from DMA front-ends connected through API Gateway.

Opportunity to trade via DMA systems saves not only the expenses for submitting paper orders to a broker, but, more importantly, also the time needed to react to the changes of the market.

Ultimate DMA-traders receive the market data in full depth, just like an exchange members.

Algorithmic trading is enabled both for market participants and their clients.

Trading day consists of three periods (Kiev Time, GMT+2):

On Fridays and the days before national holydays Continuous Trading and Closing Period are finished at 4:00 pm and 4:15 pm correspondingly.

Please see national holidays at Trading Calendar.