The current state of functioning of stock exchanges in Ukraine

Abstract

Abstract. Introduction. It is the stock exchanges that ensure the movement of securities and financial instruments through the organized market, using price insurance instruments. Unfortunately, in Ukraine the activity of stock exchanges at the present stage of development is only in the process of formation and the volume of concluded agreements in comparison with other countries is insignificant. In this regard, it is necessary to identify the problems of stock exchanges in Ukraine and outline the steps to solve them. Purpose. The purpose of the work is to identify the peculiarities of functioning, analysis of the dynamics of indicators of Ukrainian stock exchanges as an organized part of the stock market and identify problems of their development. Results. The article examines the current state of functioning of stock exchanges in Ukraine, namely: their qualitative and quantitative state, the volume of contracts in the securities market, the ratio of trading in the securities market to GDP in Ukraine. The share of major stock exchanges in the organization of trade in shares, corporate bonds, government bonds, investment certificates and derivatives is considered. It was found that the largest volume of trades in financial instruments on trade organizers during this period was recorded with Domestic government bonds. Indicators of stimulation of stock exchanges development and efficiency of their functioning are determined. Conclusions. Based on the results of the study, the main problems of the functioning of stock exchanges in Ukraine are outlined. The main directions of further development of stock exchanges have been formed. An important step in the further development of stock exchanges should be the regulation of the legal and regulatory framework and increase the level of manufacturability of stock trading, as well as the introduction of modified versions of software.