On July 31, 2015, National Bank of Ukraine placed orders to sell government bonds in trading system of PJSC “Stock Exchange PFTS”.
Conclusion of agreements which party is National bank on PFTS became available after the Board of NBU had amended Regulation on Banks Liquidity Regulation by National Bank on July 30. Additionally, it extended the number of securities trading organizers to which National bank may refer the orders.
According to the changes, orders of National Bank are to be equally divided between two securities trading organizers where the volume of agreements with IGDB will be the most for the last six months basing by the results of NBU’s monitoring. Volume of agreements with government bonds on PJSC “Stock Exchange PFTS” exceeded 17 bil UAH in the Ist quarter of 2015.
The approach proposed by the National Bank will substantially increase competitiveness on the market and liquidity of government bonds as different participants trade on different trading organizers. Therewith, the number of potential counteragents of NBU will increase. As the result, NBU could have advantages through more competitive prices set by increased number of potential buyers and sellers.
PJSC “Stock Exchange PFTS” is one of the biggest securities trading organizers in Ukraine. It was established in 1996. It is uncontestable leader on the market for more than a decade. At the beginning of 2016, there were 74 professional participants of securities market-members of stock exchange (leading investment companies and banks). PFTS is a Correspondent of World Federation of Exchanges and a member of International Association of Exchanges in CIS countries. PFTS Index is an official index of Ukraine in S&P Emerging Markets since 1997. At the end of 2015, 37 Ukrainian banks, 30 individuals and 77 legal entities-non-banks were shareholders of PFTS.