The transparency of the stock market will became the result of the formation of
methodological principles for the functioning of the state stock exchange trading
policy, as well as the acceleration of international capital turnover and the creation of
conditions for macroeconomic planning at the national and international levels.
Activating the development of the informational space and increasing the use of
Internet resources will ensure the involvement of interested stock market participants;
expand the marketing opportunities of stock exchanges. The formation of an effective
legal framework will enable stock exchange participants to obtain guarantees for the
execution of stock exchange transactions and the ability to insure price risks. The stock
market will in fact become a place for free pricing in these conditions, which will
promote highly effective economic relations.
Since the main place of concentration of goods and services is the stock exchange,
it is necessary to pay attention to the problems of functioning of stock exchanges
dependence of its quantity on the efficiency of activity. The number of registered and
operating stock exchanges in Ukraine is quite large. It is necessary to reorganize
commodity stock exchanges, leaving or combining small and medium-sized stock
exchanges into more powerful units, and to increase the number of brokerage offices.
For example, leave regional commodity stock exchanges or those stock exchanges
whose activities are justified by results. From the side of state bodies and a special
newly created body in the field of regulation of stock exchange activities, which will
conduct the procedure of licensing stock activities, it is necessary to consider the
rationality of the territorial location of stock exchanges. It is also possible to achieve
optimization in the process of reducing the number of stock exchanges by monitoring
its activities and controlling the reporting time about activities of stock exchange
institutions. This implies the establishment by a law of a certain period during which
the registered stock exchange unit has to submit a report of the established form
regarding the results of its activities.
The state body will decide about the expediency of the operation of the stock
exchange after receiving and analyzing of reports, and will issue permission for the
continuation or closure of its.
Thus, the optimization of the territorial location of stock exchanges, that is, the
reduction of its number, is possible under the following conditions:
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Constant monitoring of stock exchanges activities;
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Receiving and analyzing of reports about activities of stock exchanges;
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Issuance of licenses for the right to conduct stock exchange activities;
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Making decisions on the expediency of the operation of stock exchanges.
Reducing the number of existing stock exchanges in Ukraine will improve the
efficiency of its activities and increase profits that are evidenced by world experience
in conducting such reorganization measures. In own turn, an increase of the number of
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