UrBC, Yekaterinburg, May 18, 2018. The National Association of Stock Market Traders (NAUFOR) announced the results of the local round of its Stock Market Elite Contest 2017. The Ural Bank for Reconstruction & Development (UBRD) won in two different categories: Stock Market Company and Derivatives Market Company, the bank’s press service reports.

‘Stock Market Elite Contest is one of the most prestigious national competitions for professional stock traders. NAUFOR has been coordinating the contest since the year 2000, with the board of experts selecting the best companies in every relevant national stock market category; the association also points out the most important events of the year that reflect the most prominent market trends and developments,’ the press service says.

The UBRD was first selected by NAUFOR in 2002 as Discovery of The Year and has since won numerous titles and awards. The bank is usually singled out as one of the top Stock Market Companies, which is an acknowledgement of the UBRD’s status as a large repo market operator. In 2017, the bank also started working with the derivatives more, which is why it won as Derivatives Market Company 2017.