Gnoyevyj V. Regulatory mechanism of futures grain contract market in Ukraine

Research object: grain market, forming and functioning processes of market of futures grain contracts market. The aim of research: deepening theoretical principles and developing proposals as for organization of grain futures market, substantiation of forming and using regulatory mechanism for futures trade. Methods: sources analysis, theoretical generalization, complex analysis, system analysis, critical analysis, dialectical analysis, expert analysis. Theoretical and practical results: theoretical essence of futures trade was investigated, its conceptual instrument was specified and deepen. The proposals concerning the system of futures market regulatory mechanism was formulated the procedure of its usage being substantiated. The obtained results can be applied for organizational-economic provision of forming futures mar-kets as well as for development of legislative and normative acts regulating the management in these markets. The scientific novelty: the increasing role of futures markets in economic system is substantiated. The factors impeding the implementation of futures trade are determined and the proposals on organiza-tion of futures markets are given. The necessity of outside intervention in market processes via proper regulatory mechanism is stipulated. An information model of futures market is offered and on its basis the algorithm of market regulation is worked out elaborated. Implementation degree: The principles of the thesis are used in the course of train-ing in the Kremenchug state polytechnic university, in par-ticular while teaching such subject as "Finances", "Ente-prise finances", "Finance management", "Enterprise financial", "Financial mechanism of international economic ac-tivity", which is proved by a certificate. Efficiency: is gained by implementation of certain principles given in the thesis:- feasibility of transition expediency of an agrarian market exchange infrastructure to excluding a barter of available goods and forming futures grain contracts market;- substantiation ofinformation character of futures market functioning;- formation and implementation of regulatory mechanism for futures market, which is used as a means of influencing the information on forecasting events. Sphere, sector of use: Verhovna Rada of Ukraine (Ukrainian parliament), the Ukraine Cabinet of Ministers, Ukrainian Ministry of agrarian policy, higher educational establishments.