Current state and prospects for development of stock exchange in globalization conditions

Autor: O. Nikoliuk, T. Krusir
Jazyk: English<br />Ukrainian
Rok vydání: 2019
Předmět:
Zdroj: Ekonomìka Harčovoï Promislovostì, Vol 11, Iss 2 (2019)
Druh dokumentu: article
ISSN: 2411-4111
2312-847X
DOI: 10.15673/fie.v11i2.1399
Popis: In the classical form, the stock exchange is an organized by professional participants, constantly operating wholesaler of the best securities, with special trading principles, admission procedures to securities trading and brokers. Historically, stock exchanges have become, in a sense, the peculiar locomotives of the securities market, and their role in the development of economic relations is quite significant. Today, there are more than 200 stock exchanges with different levels of capitalization around the world. The activities of such financial institutions have an impact on the intensity of economic processes throughout the market. In particular, the stock exchange provides optimal conditions for the circulation of securities and acts as a reg ulator of prices for them. Despite the large number of financial regulators operating in all countries of the world, only some of them have saved and increased the capacity of their economic potential. The level of their capitalization exceeds 1 trillion and equals 87% of the global market. This article proposes consideration of the methodology for analyzing the existence of a dependence between the direction of the exchange and the economy. The features and problems, historical aspects of development of world stock exchanges have been determined. The comparative analysis of ten largest world stock exchanges, the rating of which is based on stock indices and data of the total turnover of trades, has been conducted. The dynamics of stock indexes of the investigated exchanges for 2015-2018 has been considered.
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