ТРАНСФОРМАЦІЙНІ ПРОЦЕСИ ОРГАНІЗАЦІЇ БІРЖОВОЇ ТОРГІВЛІ

Abstract

The article is devoted to the study of transformational processes occurring in stock trading. The development of the Internet and computer technologies has led to changes in the organization of stock trading. World and domestic exchanges have switched to e-commerce. The computerization of exchange activities leads to the formation of the global economic space. The process of participating in the stock exchange has been simplified significantly; and it has become possible to conduct trading operations around the clock. Costs for organizing and conducting tenders have decreased. The advantages and disadvantages of e-commerce on exchanges are considered. It is established that at the present stage of economic development the main technological trends in the stock market are: speed, reliability, and security of computer systems. Today, a large number of exchange software products have been developed for online work in the financial markets. The term trading platform (trading terminal, trading client) is software that provides interactive access to the market and allows you to make transactions online. The trading platform allows traders to receive online trading data (current and historical quotes of selected assets, trading volume on instruments, possible prices for buying and selling, etc.). Also, the platform allows to perform technical analysis, conclude real-time transactions, work with trading orders and receive notifications from a dealing center or broker. The details of concluding different types of transactions on the stock exchange online are characterized. The main requirements for software products for Internet trading are analyzed: functionality, productivity, security, confidentiality, convenience, mobility, and availability of risk management functions. The importance of testing trade terminals is substantiated. The functions of modern demonstration accounts are outlined. The shortcomings of imitation trade are analyzed.