Refusal from transfer to the winter time will do an ill service to trading at Ukrainian exchanges. This opinion was expressed by Head of Ukrainian Exchange Board Oleh Tkachenko at the 14th international forum of capital market participants in Alushta (Crimea, Ukraine's south).

He explained that the Parliament's decision to refuse from the winter time will lead to the fall of sales activity at Ukrainian exchanges over this period due to an increase of a gap between trading on the U.S. trading floors.

"Do we understand that again the Ukrainian market will complete work by the time when the U.S. started to work," he said, UKRINFORM reported.

Tkachenko specified that presently the Ukrainian market has an hour (from 16:30 p.m. to 17:30 p.m.) over which operators could react to the opening of the U.S. markets. In this connection he stood with an initiative jointly with regulators and the National Bank to think over possibility of prolongation of the trading session and the time for carrying out settlements.

Market participants also noted that the Parliament's decision can create certain problems due to the fact that operation systems and some software products, as usual, envisage setting a clock back one hour on the last Sunday of October.

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