(Kiev/Vienna) Starting today, the Ukrainian Stock Exchange PFTS and Wiener Börse will cooperate more closely in the field of indices. Only two weeks after the signing of the cooperation agreement, the Ukrainian country index, UTX (Ukrainian Traded Index), was launched today. The cooperation index is calculated and published in EUR, USD and Ukrainian Griwna in real time. Just like all indices of Wiener Börse, the UTX has been designed as a tradable index that can serve as an underlying for structured products and derivatives. The starting value of the UTX was fixed at 1,000 points on 9 January 2007 and the index rose 67% until 31 August 2007.
The index currently includes the stocks of ten Ukrainian companies, with the largest security in the index, the steel manufacturer Azovstal, having a weighting of 18.86%. As a general rule, no company in the index is permitted to have a weighting of more than 25%. The composition of the index is reviewed twice a year.
Including the UTX, Wiener Börse now calculates and disseminates 25 indices, 18 of which relate to Eastern and Southeast Europe, clearly showing Wiener Börse’s focus. Wiener Börse’s expertise in this area is internationally recognised: A share of 80% of all structured products worldwide focusing on Eastern and Southeast Europe is based on the indices of Wiener Börse.