The concept and sense of the financial security of the stock exchange

Marko Holovach


The article examines the approaches of scholars and legislators to define the concept of the Stock Exchange, and it features the directions in the work of researchers to understand the financial security of the Stock Exchange. It is established that the State is responsible for regulating investment processes in the Stock Exchange, which is aimed at increasing resources and redirecting money to conduct transactions with securities in the Stock Exchange, the protection of participants should be guaranteed by the State. The need to stimulate the domestic investor – citizens and legal entities of Ukraine to increase their share in the Stock Exchange among other participants in this market. From this, the role of the State in forming a safe infrastructure of the Stock Exchange is determined. Based on the analyzed works, the circumstances that directly affect the financial security of the Stock Exchange are identified, namely: dependence on global economic processes, political, security, social factors, insufficient capitalization of the Stock Exchange, imbalance of instruments offered in the Stock Exchange, the uncertainty of individuals and legal entities in the financial stability of the domestic economy, low public interest in investing in securities, the level of income of the population. Considering the factors that affect the financial security of the Stock Exchange, has been studied its impact on the socio-economic stability of the State. The need to improve the mechanisms of financial security of the Stock Exchange as a set of joint actions and measures, the sequence of implementation of which will contribute to the development of the Stock Exchange in terms of increasing the number of external destructive factors. It is established that if the mechanisms of financial security of the Stock Exchange are improved, the consequences of the negative impact of the risk environment on the financial sphere will be reduced, the level of the financial sphere as a whole will increase and its economic growth will improve.


Stock Exchange; financial market; influence on the Stock Exchange; investor; financial sphere; negative factors on the Stock Exchange

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Science Works Journal "Ekonomichnyy analiz"

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