Secondary market place in the securities market structure
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 4, Issue
Abstract
Introduction. The process of globalization is most likely to happen in the financial sector, and the largest dependence on the world situation is felt on the stock markets, the level of development of which is one of the key factors in the effective economic development of the state as a whole. One of the segments of the financial market that contributes to the accumulation of capital for further investment in the industrial sphere, the structural restructuring of the economy, the positive dynamics of the social structure of the society, and the welfare of citizens through the possession and free disposal of securities, is the market of securities, including its non-profit The main component is the secondary market, the existence of which contributes to the redistribution of ownership rights and enhancement of the equity of securities. Рurpose of the article is to determine the place of the secondary market in the securities market structure. Results. The article deals with the concept of "the mechanism of the functioning of the securities market". The criteria for classification of the securities market are highlighted. The mechanism of functioning of the securities market, which depends on the components of this market (ie its structure), is considered, and the subsection on sectors is established. A certain economic dependence is observed between the amount of capital employed in the turnover, the level of its profitability, motives of market participants, which is reflected in the formation of a market price on the basis of demand and supply. Conclusion. Consequently, the market as a complex, polysystem education has an extremely rich structure. Its components are markets: goods, capital, financial and credit, currency, labor resources, information, so-called tiny, as well as market infrastructure. The market infrastructure is understood by the system of state, private and public institutions (organizations and institutions) and technical means that serve the interests of market relations subjects, provide for their effective interaction and regulate the flow of commodity-money flows. Distinguish the organizational-technical, financial-credit and research and research infrastructure of the market.
Authors and Affiliations
Yehor Ivanovych Sadovenko
Keywords
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