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Science publications
JEL code classification: G14
| Title | FEATURES OF EXCHANGE ACTIVITY IN UKRAINE AND ITS MANAGEMENT STRATEGIES |
| Аuthor(s) | Zavads’kih H.M., PhD, Ass. Prof. Tereshchenko M.A., PhD, Ass. Prof. Dmytro Motornyi Tavria State Agrotechnological University |
Аnbstract. Formulation of the problem. |
Exchange trade is a special form of trade and one of the main types of wholesale trade and is an extremely important phenomenon for economic growth. Accordingly, exchange activity is a leading link in a market economy and is a complex mechanism that responds sensitively to all socio-economic, political and socio-psychological processes taking place in the country. |
Presentation of the material. |
In Ukraine, exchange trading in the commodity market as a system has not yet taken place. This segment of the market economy in Ukraine is in its infancy. Today, exchange trade plays an extremely insignificant role in the redistribution of financial and commodity resources, occupying a meager share in the gross national product, which cannot but negatively affect the domestic producer and the balance of state pricing policy. The large number of inefficient exchanges is one of the problems of Ukraine’s exchange activities. However, there is no direct relationship between the huge number of exchanges and an efficient exchange market. The analysis of statistical information shows that exchange commodity flows on the territory of Ukraine are distributed rather unevenly. In Ukraine, the participation of the state in the promotion and development of commodity exchanges is based on its legislative and regulatory regulation, ensuring conditions of free competition for all participants in exchange trade, protection of their economic rights, freedoms, law and order. |
Conclusions. |
According to the results of the study, the modern market of exchange trade has organizational features that distinguish it from other markets, in particular the specifics of traded goods, the requirements for trading and the modes of admission of goods and bidders. Trends that characterize the development of exchange trade in Ukraine indicate a significant backwardness of the national market from most others in terms of capitalization, supply structure, indices of exchange market development. The huge number of exchanges does not characterize the efficiency of their work and does not reflect the actual state of development of the exchange market in Ukraine. The small volume of transactions in the stock market causes low liquidity of the organized market, which, in turn, hinders its development. |
| Keywords | organized market, exchange, exchange activity, exchange commodity, liquidity, exchange market, exchange instruments, exchange agreement, futures agreements, exchange derivatives, models of exchange activity regulation |
| Download | pdf (C. 5-9) |
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