AMCU allows RTS to establish stock exchange in Ukraine

The Antimonopoly Committee of Ukraine announced yesterday it gave permission to Russian RTS Stock Exchange and 22 Ukrainian companies, including leading Ukrainian investment banks, to establish Ukrainian Exchange. The reason for creation of a new stock exchange in Ukraine is that Ukrainian investment banks are unsatisfied with the quality of the PFTS’ services. The PFTS is the biggest Ukrainian stock exchange with ~90% share in total trading volumes.