Open AccessSPECIFICS OF FUNCTIONING OF THE SECURITIES MARKET AND STOCK EXCHANGES OF UKRAINE
Author(s) -
Anastasia Artyomova
Publication year - 2021
Publication title -
ìnfrastruktura rinku
Language(s) - English
Resource type - Journals
ISSN - 2519-2868
DOI - 10.32843/infrastruct59-6
Subject(s) - business , stock exchange , third market , primary market , broker dealer , investment banking , finance , stock market , intermediary , ukrainian , private placement , financial market , redistribution (election) , investment (military) , financial instrument , financial system , paleontology , linguistics , philosophy , horse , politics , political science , law , biology
The study used: system approach to substantiate the principles and problems of the securities market and stock exchanges of Ukraine, statistical analysis of the actual performance of relevant markets; graphic – to visualize and evaluate the results of the study. The following tasks were performed to reveal the selected topic: the theoretical bases of research of institutional intermediaries in the system of international trade relations are revealed; the peculiarities of the securities market and stock exchanges of Ukraine are analyzed; the ways of improvement of exchange activity in Ukraine are covered. It is established that the most important tasks of the organized securities market are: 1. Ensuring flexible interpectoral redistribution of investment resources. In the process of investing personal savings, savings in the corporate and public finance sector in securities on the organized market is the redistribution of financial resources in the industry with a higher rate of return. Personal funds and temporarily free funds of private companies, investment funds are invested in securities that bring the most income. As a result, there is a redistribution of funds between industries and sectors of the economy; 2. Attracting investments in Ukrainian enterprises. Due to the operation of the primary organized securities market, financial resources invested in securities are made available to enterprises and spent on investment purposes; 3. Creating conditions to stimulate savings and their further investment. An organized securities market creates more comfortable conditions for traders, providing a higher degree of financial protection. This is achieved through the regulation of procedures for the purchase and sale of securities, the implementation of measures to regulate and self-regulate the market; 4. Transformation of property relations. In the process of circulation of securities on the organized market there is a redistribution of property rights to financial assets in the economy, including the privatization (privatization) of enterprises, the formation of a new class of owners and entrepreneurs; 5. Improving the market mechanism and management system. In the process of organized securities trading, modern technologies, advances in computer technology and programming are used, the process of forming a fair market value for securities is more high-tech and efficient than in the unorganized market. The development of digital technologies contributes to the improvement of the operations management system, increase the efficiency of decision-making, provides the process of managing timely and reliable information; 6. Ensuring real control over stock capital on the basis of state regulation. State regulation should be aimed at creating a favorable investment climate, comfortable conditions for doing business. At the same time, acceptable control over transactions in the stock market provides sufficient information to make decisions on areas for further development of legislation in the field of securities market regulation.