The current state of Ukrainian stock market

Abstract

The stock market as a component of the financial market is traditionally considered to be a security element of the entire financial system of the state. The development of a civilized investment process in the economy of Ukraine, the further implementation of market reforms are impossible without the creation of an efficiently functioning stock market, which should ensure the realization of Ukraine’s national interests and help strengthen its economic sovereignty. The stock market in Ukraine is gradually evolving, as evidenced by the positive tendencies of increasing the volume of exchange contracts on trade organizers. But still capitalization of the Ukrainian stock market is very low compared to the world. Today, the stock market of Ukraine is at the stage of its formation and is far behind in the development of the stock markets of industrialized countries. Given this, the study of modern conditions, features and trends in the development of stock exchange trading and the infrastructure of Ukraine is becoming extremely important for the national economy. This article is devoted to the analysis of the problem of identifying the features of functioning and problems of development of the Ukrainian stock market, as well as the rationale for ways to increase its liquidity and efficiency. The main trends of the stock market development are analyzed. The current changes in the process of trading in the stock market of Ukraine are noted. The attention is focused on the existing problems in the development of the Ukrainian stock market that hinder its effective functioning, in particular the limited number of liquid and investment-attractive financial instruments, the high fragmentation of stock and depository infrastructure, insufficient legislative regulation of stock exchange activities.