Following Ukrainian Exchange central counterparty (CC) runs the country"s largest PFTS stock exchange. This will run on-site full trade through online trading, as all transactions will be anonymous. Traders say that the introduction of products that are implemented on the Ukrainian Exchange, will not be able to return the interest in the PFTS.

Exchange PFTS was able to launch a central counterparty, only five months after the start of the independent dealer-curator at the Ukrainian Exchange - its direct competitor. The State Commission on Securities and Stock Market (Securities Commission) approved the corresponding changes in the rules of "The PFTS stock exchange", which will operate until July 14, 2010. "At one time, the same changes proposed Ukrainian Exchange (approved July 14, 2009 goda.-ed).. Since the issue of a central counterparty standard is not settled, we ordered its Department to prescribe those rules within a year", - told the Securities Commission head Sergei Petrashko. After the entry into force of the document, which will regulate the work of the Central Committee of the Exchange will again have to change their trading rules.

Trade through the Internet on PFTS became possible with the launch on April 28 last year, the system PFTS NEXT. But the use of CC as an intermediary in the transactions of merchants and their customers will run on a full-fledged stock exchange internet trading. The central counterparty enables merchants to save on customer identification and retain complete anonymity bidding.

To implement the Central Committee at the Ukrainian Exchange its majority shareholder - the Russian stock exchange RTS - has created a subsidiary with a minimum capital of 1 million USD and was licensed brokerage and custodian. "The biggest fees are for the entry into self-regulating organization of dealers - one-time 5 thousand UAH quarterly and 1 thousand grn. PARD membership is much cheaper: 2 thousand per entry and quarterly 760 UAH", - said the Chairman of the Board of Ukrainian Stock Exchange "Oleg Tkachenko. Central Services are free.

On PFTS could not tell who was the founder of the Central Committee and how much will it cost his services. The press service said that the PFTS will develop the technical side and the creation of the Central Committee after the posting of changes to the rules. They were approved onf2d25 December, the Council PFTS.

"The council discussed the fundamental issues - introduce a central counterparty or not, the technical issues were not discussed", - said the director of Dragon Capital IR Dmitry Tarabakin. "This will solve the technical part, but the PFTS to improve its offer to return the interest of traders," - added the trader IG TASK Nikolai Semenenko.

To return to traders, PFTS has to offer new products. "Suggest that already exists (in Ukrainian Exchange .- Ed.), Is not it. If there are two identical exchanges, then everyone is entitled to decide for itself where to trade. Traders will" vote "for the exchange, which are faster calculations, creeks and asset stripping ", - the head of trading Troika Dialog Ukraine" Vladimir Grishchenko. According to the Trader IR "Renaissance Capital Ukraine, Mikhail Zavodovskogo, attract market participants may PFTS, creating new tools:" It may be derivative securities or shares of placements ".

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