The exchange council of the Ukrainian Exchange (Kyiv) on September 17, 2012 decided to conduct a poll regarding the suspension of trading for two hours at all segments of the exchange to express opposition to the law on the Ukrainian depository system passed by the Ukrainian parliament on July 6, 2012.
According to a press release of the Ukrainian Exchange issued on Tuesday, the radical proposal is linked to the absence of any other options to oppose the changes in the Ukrainian stock market infrastructure proposed in the law.
"The opinion of market players on the necessity to stop trading will be considered as confirmation of the necessity for the actions proposed by us," the press service said, presenting the position of the council.
If the imitative is supported, market players as of 1800 on September 18, 2102 could send scanned copies of the relevant letter to the council chairman or place purchase quotations in the Plaza trading system with the STOP ticker.
Members of the council expressed hope that the suspension of trading will attract the attention of the Ukrainian president to the negative consequences for the investment climate of the country from the passed law.
