Stock market of ukraine at the present stage: analysis and prospects of development

Abstract

Based on the key quantitative and qualitative indicators calculated by the author, the article offered the analysis of the stock market of Ukraine, and revealed the specifics of its development. The author researched the question of trading volume change on the stock exchanges in recent years. The main problems that hinder the effective functioning of the stock market development were uncovered, particularly the lack of effective legislation, systems of regulation and prudential supervision, the military conflict in the East of Ukraine, and a low level of consumer confidence in the non-banking financial services sector. To solve problems and to stimulate further development of the stock market the consolidation of efforts of all participants of the stock market and the state regulator are needed, particularly in the improvement of the legal framework, the revitalization of the professional participants, upgrade of infrastructure, reform of state influence and introduction of European standards of regulated markets organization, taking into account the latest technology. It was proved that the efficiency of the national stock market can be achieved only with clearly defined strategy of development.