OREANDA-NEWS. April 16, 2010. Dragon Capital, a leading investment company and the largest stock broker in Ukraine, announces a major reduction in online trading rates for both its current and new clients. The new tariffs will be valid from April 12 through December 31, 2010 and apply automatically to all existing clients. New customers will benefit from the reduced fees if they start trading online through Dragon Capital by May 31.   

Dragon Capital covers commission fees charged by the Ukrainian Exchange for all online traders.
The Ukrainian Exchange (UX) launched online trading in Ukrainian stocks and bonds in March 2009. Dragon Capital, as a UX shareholder, was actively involved in developing this new product using its owners’ personal track record of implementing similar projects in Poland, the Czech Republic and other European countries.

A year since online trading became available for retail investors in Ukraine, more than 2,000 individuals took advantage of this opportunity. The pioneers have been rewarded with record profitability as the UX index has soared five-fold since the launch of online trading in March 2009.

Dragon Capital estimates online traders presently generate over 30% of total trading volumes on the UX’s order-driven market.

In March 2010, turnover on the order-driven market rose to a record high, more than doubling month-on-month. Moreover, last month’s trading volumes accounted for over 26% of the total turnover in the order-driven market over the last 12 months.

Approximately 10% of March’s exceptional trading record was attributable to retail online traders operating through Dragon Capital.

The UX recognized Dragon Capital as a leader in attracting online traders to the domestic stock market in 2009.

“By introducing these new lucrative fees, we commence another year of online trading in Ukraine. This year, we believe securities trading will reach a wider circle of individual investors in Ukraine. Our company was the best in attracting online traders in 2009. To fortify our leading position, we continue to ensure the most comfortable trading framework for our customers providing top-quality service combined with the most attractive rates in the market”, says Andriy Dmytrenko, Director of Equity Sales at Dragon Capital.