НАПРЯМИ ЗАБЕЗПЕЧЕННЯ ЛІСТИНГУ ЦІННИХ ПАПЕРІВ НА ВІТЧИЗНЯНОМУ ФОНДОВОМУ РИНКУ

Abstract

The essence of the concept of "listing", "listing of securities" is considered, the procedure of listing on the domestic stock exchange is determined and the levels of listing are highlighted. The basic concepts of securities listing, in accordance with regulations, regulations of Ukrainian stock exchanges and the definition of domestic economists are studied. The main indicators of the first and second level of listing on the Ukrainian stock exchange, selection criteria to the appropriate level are grouped. In Ukraine, public joint stock companies are required to go through the procedure of listing, regardless of the volume and value of the issue of shares. An analysis of the issue of securities on the stock market of Ukraine, listing, trading volumes of securities. It has been established that over the last five years the volume of securities issues of public joint-stock companies on the stock market has significantly decreased, the volume of listing has decreased, which has reduced the volume of trading on both exchange and over-the-counter markets. The negative downward trend in the issue of shares of joint-stock companies was influenced by the reduction of financial intermediaries (underwriters, depositories, financial agents) in the domestic stock market, as well as the level of domestic and foreign investment. The main directions for optimizing the listing procedure, ensuring the competitiveness and investment attractiveness of domestic joint stock companies are identified. The main areas for improving the listing procedure should be provided both at the state level and at the level of joint stock companies, financial intermediaries, and investors. In particular, joint-stock companies are required to submit financial statements (in accordance with international financial reporting standards for legal entities) to stock exchanges, their authorized representatives, the First Stock Trading System and relevant authorities. On the positive side, professional participants of the domestic stock market were able to offer their clients software products for remote conclusion of contracts for the sale of financial instruments.