Since the stock exchange trade is a legalized form of wholesale trade, there is a
need to attract small and medium-sized businesses to trading processes on the stock
exchanges by enabling business entities to sell or buy at stock exchanges.
The specifics of the commodity exchanges' activities are the sale and purchase of
a large number of goods, which is why a certain problem for small businesses to
distribute relatively small quantities of products through the stock trading network.
Most small businesses do not get guarantees on the product market, and the risks
that arise at all stages of its activity often lead to negative consequences. To solve the
problems of involving small enterprises to participate in stock trading, it is necessary
to clearly formulate guidelines for facilitating the integration processes of entering into
stock market and ensuring equal conditions for all participants of stock trading.
Measures to approximate the participation of small businesses and business
entities in stock trading should be:
-
Implementation of regional programs for supporting and development of small
enterprises;
-
Creation of favorable conditions for obtaining state subsidies;
-
Increased participation of district state institutions in the development of small
enterprises;
-
Creation of training programs at the state expense;
-
Creation of a system of guarantees for participants of stock trading;
-
Creation of web-portals and Internet-services for the association of small
business entities as participants in stock transactions;
-
Providing the possibility of entering into stock exchanges on the terms of
SPOT, forward and futures;
-
Certification of elevators and warehouses.
The first step should be reforming the legislative framework for expanding the
opportunities and rights for small businesses, as well as reforming the general legal and
regulatory framework for the functioning of stock trading in Ukraine.
The next steps will be creation of voluntary associations of small business entities
to satisfy the common needs of product sales on stock exchanges. Since small
enterprises that produce certain type of goods or services can be located in different
regions, creation of so-called unions (clusters) or groups of small commodity producers
is possible through a single network by creating a web-portal, which will contain the
necessary information.
Today, there are similar information resources on the Internet, the filling of which
partially meets the requirements of the participants. The informational field of the
individuals and legal entities of the local level or of small producers is still rather
narrow. The formation of prices for their products is carried out on the spontaneous
markets that cause unforeseen risks.
- 672 -