Central bank gives green light to PFTS stock exchange's trade in forex futures
Kyiv-based PFTS stock exchange was the first among Ukrainian trading organizers to receive permission from the National Bank of Ukraine to launch trading in forex futures.
The NBU's department for forex operations and analysis of financial markets approved the templates of futures contracts for the U.S.dollar-hryvnia forex rate, which were submitted by the PFTS as of December 18, the PFTS said in a press release.
Chairman of the PFTS board Ihor Seletsky said that the exchange would start working with futures contracts only after the templates are approved by the National Securities and Stock Market Commission.
"We're looking forward to the Commission considering the documents soon. We hope this will happen until the year is over," he said.
The PFTS was founded in 1996. It is one of the largest securities trading floors in Ukraine. The stock exchange's members included 176 professional operators on the securities market (leading investment companies and banks) as of the beginning of 2014.