Экономические науки/3.Финансовые отношения.

Levoshko N.V. Pesocka M.V.

Poltava natsіonalny unіversity name Yurіya Kondratyuka, Ukraine

PROBLEM AND PROSPECTS OF STOCK MARKET UKRAIN

The stock market is a key component of Ukrainian market economy. It helps to limit monopoly, creates favorable conditions for competition and rational allocation of financial resource. [1]. Also, the stock market is an integrated system, with its set of rules and mechanisms to both buy and sell securities. According to the Law of Ukraine "On Securities and the Stock Market" securities - a document prescribed form with the relevant details that confirm the presence of monetary or other property rights determine the relationship between themselves and the enforcement of obligations on the terms of their placement. [2] The stock market is the aggregate turnover of securities, an important feature of which is to allow accumulation and perezpodilu funds from one organizational structure. [3] The purpose of all the markets of the financial system, including the stock market, is to ensure the availability of a specific mechanism for signing the necessary agreements to attract and invest in the economy. Contracts formed between subjects of which have excess income and are willing to invest it, so who needs these funds. The stock market is very important aspect is the organization of a mechanism to monitor and ensure the effective displacements investment. [4] The low percentage of shares rotating exchange is a fundamental problem of the stock market of Ukraine. This is a major reason for the slow development of both the market and the development of the entire national economy. This means that the problem of the stock market of Ukraine. This is a major reason for the slow development of both the market and the development of the entire national economy. This means that the Ukrainian stock market can not organize dovohotryvali investment strategy because it means that our market is underdeveloped. The level of domestic support Ukrainian stock market is very low. institutional investors essentially lose foreign investors in terms of funds invested in the Ukrainian stock market. Also very important aspect is liquidity. When the crisis situation in the stock market, as well as the desire of investors to sell their securities, the market fails to fully absorb the volume sold. As a result, greatly reduce the sales price and the market fails. As a result, greatly reduce the sales price and the market fails. To improve the situation on the stock market of Ukraine need coordinated action of Parliament, Government and the State Property Fund of Ukraine. [5] I think fast enough to recover the Ukrainian stock market, make it transparent, efficient and liquid urgent need to establish a system of measures:

1. Informing and advising people about the situation in the stock market.

2. More actively promote the funded pension system.

3. Privatizing state-owned enterprises mainly through the stock exchange. [5]

Thus, despite the above problems and viewed using the experience of countries with developed stock market need by adding up to three in the above, identify 7 basic measures for improving, enhancing and stabilizing the Ukrainian securities market:

1. Stabilization of the legal framework, the creation of an adequate system of protection of investor rights, owners of securities

2. . The adoption of a single law regulating the issue and circulation of all types of securities and issues of professional activities in financial instruments, depository services, market regulation instruments.

3. . The introduction of an effective system of financial responsibility for offenders, professional participants of the securities market.

4. Provision of liquidity organized market by consolidating and growing share of the organized market

5. . Purposeful formation of a network of institutional investors. [5]

Thus, we observe a positive trend of stock market development in Ukraine, though its level of development leaves much to be desired. Achieve positive changes in the stock market largely succeed through the efforts of government bodies. At the same time we should not forget that the government may adjust the direction of the stock market and its state and prospects depend on the activity of economic entities.

References:

1. Ivakhnenko I. Features of the securities market in Ukraine and its impact on the investment process // The formation of market relations in Ukraine. - № 4 (107). - 2010. - S. 81 - 85.

2. [Electron resource] http: // smida.gov.ua

3. The Law of Ukraine "On Securities and Stock Market"

4. Volokhova L. Key indicators of stock market and economic - statistical modeling

5. Tereshchenko G. Problems of improvement and areas of securities market in Ukraine // Finance of Ukraine. - 2007. - № 6. P. 97 - 104.

6. Background on the development of Ukraine's stock market http: // www. nssmc.gov.ua