Trading volume on forex market grows fourfold in 2010
2011-02-03 17:23:54
Trading volume on Ukraine's foreign exchange market in 2010 grew fourfold, to UAH 131 billion (UAH 7.94 / USD 1) compared to 2009. This is the first time in the history of the Ukrainian stock market that the share of the foreign exchange market has exceeded 10% of the total volume of trading in securities, Head of the State Commission on Securities and the Stock Market Dmytro Tevelev said.
Head of the Analytical Support Department at the State Commission on Securities and the Stock Market Maksym Libanov said that in the first nine months of 2010, the total volume of trading in securities had exceeded UAH 1 trillion. He said that the commission had predicted that in 2010, this figure would be around UAH 1.3 trillion.
A member of the State Commission on Securities and the Stock Market, Oleksiy Petrashko, in turn, said that the activity of stock trading in the past year had increased, in particular, thanks to the adoption by the commission of a number of documents that ensured the work of the stock market of derivative securities, resolved the issues of price instability, and standardized the calculation of exchange rates.