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Nasdaq Lends Ukrainian Market Helping Hand
Originally published in Securities Industry News Suffering from a lack of liquidity and poor securities processing, Ukraine is hoping that Nasdaq OMX Group can provide some relief and bring the country’s markets more international attention. Nasdaq announced earlier this month that it had signed letters of intent with the National Bank of Ukraine and Ukrainian Interbank Currency Exchange (UICE) to help improve the country’s trading environment and post-trade services with new technology platforms. UICE, founded in 1993 by a group of leading Ukrainian banks as a currency exchange, received its stock market license in 1997 and began trading government bonds and corporate securities. Technology is only the starting point, according to Jakob Hakansson, head of new markets for Nasdaq OMX. “We will help the Ukrainian markets become more efficient through the whole value … Read more »