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{"id":15472,"date":"2021-07-20T10:18:23","date_gmt":"2021-07-20T07:18:23","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=15472"},"modified":"2021-11-24T12:59:16","modified_gmt":"2021-11-24T10:59:16","slug":"the-current-state-of-functioning","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/the-current-state-of-functioning\/","title":{"rendered":"Shevchenko A., Petrenko O., Kravchenko Y. The current state of functioning of stock exchanges in Ukraine"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification<\/strong>: M31; D04; D12.<\/i>
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V27(2021)-32<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]<\/p>\n

Shevchenko Alisa<\/b>, Candidate of Economic Sciences, Associate Professor of the Department of Economic Theory and Economics of Enterprises, Odessa State Agrarian University, Odessa, Ukraine <\/span><\/p>\n

ORCID ID:<\/strong> 0000-0002-3581-7884<\/a><\/span>
\ne-mail:<\/strong> alisochka1978@gmail.com<\/span><\/a><\/p>\n

Petrenko Olga<\/b>, Candidate of Economic Sciences, Associate Professor of the Department of Economic Theory and Economics of Enterprises, Odessa State Agrarian University, Odessa, Ukraine\u00a0<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0001-9722-3785<\/a><\/span>
\ne-mail:<\/strong> leka_m@ukr.net<\/span><\/a><\/p>\n

Kravchenko Yuliia<\/b>, Teacher of the Department of Business Management, Odessa National Academy of Food Technologies, Odessa, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 000-0002-3692-9167<\/a><\/span>
\ne-mail:<\/strong> yuliiakravchenko16@gmail.com<\/span><\/a><\/p>\n

 <\/p>\n

The current state of functioning of stock exchanges in Ukraine<\/h2>\n

 <\/p>\n

Abstract. Introduction<\/strong>. It is the stock exchanges that ensure the movement of securities and financial instruments through the organized market, using price insurance instruments. Unfortunately, in Ukraine the activity of stock exchanges at the present stage of development is only in the process of formation and the volume of concluded agreements in comparison with other countries is insignificant. In this regard, it is necessary to identify the problems of stock exchanges in Ukraine and outline the steps to solve them.<\/p>\n

Purpose<\/strong>. The purpose of the work is to identify the peculiarities of functioning, analysis of the dynamics of indicators of Ukrainian stock exchanges as an organized part of the stock market and identify problems of their development.<\/p>\n

Results<\/strong>. The article examines the current state of functioning of stock exchanges in Ukraine, namely: their qualitative and quantitative state, the volume of contracts in the securities market, the ratio of trading in the securities market to GDP in Ukraine. The share of major stock exchanges in the organization of trade in shares, corporate bonds, government bonds, investment certificates and derivatives is considered. It was found that the largest volume of trades in financial instruments on trade organizers during this period was recorded with Domestic government bonds. Indicators of stimulation of stock exchanges development and efficiency of their functioning are determined.<\/p>\n

Conclusions<\/strong>. Based on the results of the study, the main problems of the functioning of stock exchanges in Ukraine are outlined. The main directions of further development of stock exchanges have been formed. An important step in the further development of stock exchanges should be the regulation of the legal and regulatory framework and increase the level of manufacturability of stock trading, as well as the introduction of modified versions of software.<\/p>\n

Keywords:<\/strong> stock Exchange; securities; stock market; bond; investment certificates; derivatives; shares; fixed assets.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Zavoloka, L.O., Linnyk, A.O., & Kolesnyk, D.S. (2018). Stock market: current state and prospects of development. Ekonomika i suspiljstvo<\/em>, 18, 758-761. doi: https:\/\/doi.org\/10.32782\/2524-0072\/2018-18-106 [in Ukrainian].<\/li>\n
  2. Zaslavsjka, O.I. (2015).\u00a0 Problems and prospects for the development of stock exchanges in Ukraine. Naukovyj visnyk Uzhghorodsjkogho universytetu Serija “Ekonomika”, <\/em>2 (46), 310-315 [in Ukrainian].<\/li>\n
  3. Information on the development of the stock market of Ukraine. Retrieved from: https:\/\/www.nssmc.gov.ua\/news\/insights\/<\/li>\n
  4. Constitution of Ukraine: Law of Ukraine (2020). Verkhovna\u00a0 Rada\u00a0 Ukrajiny.\u00a0 Vidomosti\u00a0 Verkhovnoji\u00a0 Rady\u00a0 Ukrajiny<\/em>.\u00a0 (Order No. 3480-IV -VR, September 24). Retrieved from:\u00a0http:\/\/zakon.rada.gov.ua\/laws\/show\/3480-15.<\/li>\n
  5. Maslova, S.O., & Opalov, O.A. (2008). Financial market<\/em> (4rd ed.) Kyiv: Karavella. [in Ukrainian].<\/li>\n
  6. Mujla, R.Ju. (2018). Problems of stock exchanges in Ukraine. Retrieved from:http:\/\/libfor.com\/index.php?newsid=3275 [in Ukrainian].<\/li>\n
  7. Osypov, V. I., & Krusir, T. O. (2019). The current state of the stock market of Ukraine. Rynkova ekonomika: suchasna teorija i praktyka upravlinnja, <\/em>1 (41), 184-187 [in Ukrainian].<\/li>\n
  8. Pakhomova, I. Gh., & Vashhenko, Je. O. (2017). The current state of stock exchanges in Ukraine. Efektyvna ekonomika<\/em>, 11. Retrieved from:\u00a0 http:\/\/www.economy.nayka.com.ua\/?op=1&z=5872\u00a0 [in Ukrainian].<\/li>\n
  9. Annual report of the National Commission on Securities and Stock Market for 2019. Retrieved from:\u00a0\u00a0 https:\/\/www.nssmc.gov.ua\/document\/?id=10666647<\/li>\n
  10. Solodkyj, M.O., Reznik, N.P., & Javorsjka, V.O. (2017).\u00a0 Fundamentals of exchange activity. Kyiv: CP Komprynt [in Ukrainian].<\/li>\n
  11. Sokhacjka, O.M. (2008). Exchange business. Kyiv: Kondor. [in Ukrainian].<\/li>\n
  12. Styrsjkyj, M.V. (2020). Macro and microeconomic efficiency of stock exchanges of Ukraine. Ekonomika ta derzhava<\/em>. 9. 38-43. Retrieved from:\u00a0 http:\/\/www.economy.in.ua\/pdf\/9_2020\/8.pdf [in Ukrainian].<\/li>\n
  13. Tretjakova, O. V., Kharabara V. M., & Ghreshko R. I. (2020).\u00a0 The stock market of Ukraine: features of functioning in modern conditions. Ekonomika ta derzhava<\/em>, 5, 103\u2013107. DOI: 10.32702\/2306-6806.2020.5.103[in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: <\/strong>04\u00a0May 2021<\/span><\/strong><\/p>\n

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    Shevchenko A., Petrenko O., Kravchenko Y. (2021). The current state of functioning of stock exchanges in Ukraine. Modern Economics<\/em>, 27(2021), 228-234. DOI: https:\/\/doi.org\/10.31521\/modecon.V27(2021)-32.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: M31; D04; D12. DOI: https:\/\/doi.org\/10.31521\/modecon.V27(2021)-32 [\/vc_column_text][vc_column_text] Shevchenko Alisa, Candidate of Economic Sciences, Associate Professor of the Department of Economic Theory and Economics of Enterprises, Odessa State Agrarian University, Odessa, Ukraine ORCID ID: 0000-0002-3581-7884 e-mail: alisochka1978@gmail.com Petrenko Olga, Candidate of Economic Sciences, Associate Professor of the Department of Economic Theory and Economics of
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