Nepriadkina N. The Development of Foreign Exchange Derivatives Markets in National Exchange Systems

The object of the survey is the process of foreign exchange derivatives markets functioning in the global monetary and financial area. The aim of the thesis is to develop theoretical and methodological foundations of the research of foreign exchange derivatives markets formation and to work out the mechanism of stimulating the development of foreign exchange derivatives market in Ukraine. The methods of comparative analysis, comprehensive, systematic and critical review, regression analysis, trend analysis, SWOT-analysis, economic and statistical methods, methods of scientific synthesis were used. Theoretical value of the research is expressed in offer to substantiate new functions of foreign exchange derivatives markets which they serve in terms of spreading processes of globalization and the principles which they should adhere. The classification of elements of foreign exchange derivatives market is extended, according to their purpose. The definition of the national exchange system is improved. The practical value of the research is reflected in the development of steps which should be taken in order to improve underdeveloped or impressionable exchange market in the country. The mechanisms of stimulation of the Ukrainian foreign exchange derivatives market establishment and its effective functioning are offered. Methods of forecasting the behavior of foreign exchange derivatives markets are improved. Recommendations were used by OJSC "State Savings Bank of Ukraine", JSC "Bank" Business Standard ", Zaporozhye Chamber of Commerce, Karazin Kharkiv National University and Zaporozhye National Technical University.