Markets' Features

Market	Quote-Driven Market	Order-Driven Market
Started	1997	2007
Instruments	Stocks & debt securities	Stocks & debt securities
Trading Model	Quote-driven	Order-driven
Deposits	Not used	100% deposit of cash and securities before an order is submitted
Settlement	DVP	DVP T+0
Cash Settlement	Any bank (For DVP: MFS Depository account in the National Bank of Ukraine)	Automatically via MFS Depository account in the National Bank of Ukraine