Reznik N.
Professor, Doctor of Economic Sciences, Head of Department, Department of
stock exchange activity and trade, National university of life and environmental science
of Ukraine, Kyiv, Ukraine
Leschuk J.
Postgraduate student, Department of stock exchange activity and trade, National
university of life and environmental science of Ukraine, Kyiv, Ukraine
TRADE BY FINANCIAL DERIVATIVES: IT'S IMPROVEMENT ON
THE EXAMPLE OF UKRAINE
Introduction. Globalization of the world markets gradually was turned into
reality. E-Commerce technologies by stock exchange financial derivatives, in
particular on electronic stock exchanges, make it necessary to reconsider the traditional
concepts of functioning and development of the stock market of financial derivatives.
There is emerging of a new more mobile legal environment and the transformational
structures of investors cause the formation of qualitative models of development and
the financial market.
Modern stock mechanisms and principles of trading on world stock exchanges
require the development of other financial derivatives and trade rules. The process of
consolidation, the creation of new trading platforms, alternative exchange trading
systems and increased competition have sharply changed.
The transformational evolution of the monetary and financial stock exchanges
today is manifested through the expansion of the range of new services – from the
possibility of concluding transactions on the platforms of electronic stock exchanges
till a comprehensive financial and economic analysis of the work of listed companies
and other assets.
In this regard, the study of the prospects for the development of global stock
exchange trading by financial derivatives don't disappeared in the domestic financial
market, causing new transformations to it if to take into account the fact that the
transformations in the modern world as a result of globalization.
At present the main factors, which have influence on the stock market of financial
derivatives, are next:
•
The transformation the of modern technologies’ structure;
•
The transformation of infrastructure according requirements of private
investors;
•
The growth of competitive advantages between traditional and high-tech
trading exchange systems.
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