Main trends of development of stock market infrastructure institutions of Ukraine

Abstract

Introduction. The development of the stock market in modern conditions requires the introduction of new institutions and infrastructure tools aimed at increasing the efficiency of its functioning. In this regard, the study of trends in the development of infrastructure institutions of the stock market of Ukraine is an urgent task of economic research. Methods. The following methods are used during research process. Among them are: abstract and logical, system and monographic analysis, generalization, historical, statistical analysis. Results. The article investigates the state and dynamics of the stock market infrastructure development in Ukraine. Indicators such as the number of registered joint-stock companies, depository institutions, securities traders, asset management companies and joint venture institutions, rating agencies, audit firms on stock market, stock exchanges, and also non-government pension funds are selected to analyze the functioning of the stock market infrastructure The article confirms the dynamics of a decrease in the number of registered joint-stock companies and a corresponding decrease in the number of depository institutions, securities traders, audit firms as infrastructure institutions. It is shown that the development of stock market infrastructure institutions is significantly affected by the increase in the number of small investors, the growing role of information and, accordingly, the number and scale of rating agencies and information systems. Discussion. Prospects for further research are the forming of a development strategy for the institutions of the Ukrainian stock market infrastructure. Keywords: stock market, market infrastructure, institute of infrastructure, development, securities.