NBU introduces new foreign exchange trading rules

Yesterday, the National Bank introduced new trading rules on the interbank currency exchange market, requiring commercial banks to quote every bid for non-cash currency exchange transactions in an electronic trading system. Andrii Parkhomenko: The new requirement should make the interbank market more reflective of real supply/demand. On the other hand, due to increased market efficiency, the banks’ trading margins should shrink, and thus might force them to raise transaction fees.