Kostina T. Market development for securities of Ukraine under economy in transition

Object of research: securities market of Ukraine. Purpose of research: to develop and to improve theoretical basis of conception of securities market development; to evolve the methodology of its research as economical category; to reveal the specifics, patterns and problems of development of national securities market, to determine tendencies of development of securities market on basis of research of processes of formation and regulation of international securities market and actual for Ukraine foreign experience, and also to summarize results of the research. Methods of research: scientific abstraction, analysis and synthesis, induction and deduction, comparative, classification, statistical grouping, structural, results logical summarizing. Results: complex analysis of securities market is performed, its author's definition is given; summarized classification of securities market by criteria is developed; the essence and properties of the category "infrastructure of securities market" with the form ulation of author's definition, the necessity of implementation of Depositary payment union in Ukraine is theoretically grounded; author's definition of the essence of governmental regulation of the securities market is proposed; conception of governmental regulation of processes of formation of the securities market is grounded and matrix of governmental regulation of securities market is built; the role of the government in the process of securities market development is determined and the algorithm of optimization of securities market's regulation system is developed. Novelty: author's definition of the category "securities market" as a system of economic relations is grounded; summarized classification of the securities market is developed; the essence and properties of the category "infrastructure of securities market" with the formulation of author's definition; the necessity of implementation of Depositary payment union in Ukraine is theoretically grounded; author's definition of the essence of governm ental regulation of the securities market is proposed; conception of governmental regulation of processes of formation of the securities market is grounded and matrix of governmental regulation of securities market is built; the role of the government in the process of securities market development is determined and the algorithm of optimization of securities market's regulation system is developed. Field of use: republican.