Karpenko L. State policy on the development of exchange activities in Ukraine

The economic content of the exchange trade consists in the accumulation of the organizational and economic principles of the trade in bipolar products and the provision for the current market and the provision of its functions, such as the study of the economic conditions of the market and the forecasting of the main tendencies of its change, work with products in a sufficiently wide range, information and advisory services. The foreign experience of state regulation of stock exchange activity shows the dependence of the stock market on state institutions that during the evolution of stock trading had an impact on stock exchange processes through regulatory instruments, since state institutions have responsibilities to provide the stock market with the legal framework and the formation of a legal field. The analysis of the legal and regulatory framework of stock trading in Ukraine allows us to draw conclusions about the low level of availability of existing legal documents regulating stock exchange activities. The only Law of Ukraine, which fully applies to stock trading, is the Law "On Commodity Exchange", but today this law does not meet the standards and requirements of the domestic and world stock market and needs to be amended. There is still no single state body with the functions of regulation of commodity exchange trade in Ukraine. The development of stock trading inhibits: the imperfection of the current legislative framework, the lag in the use of progressive exchange technologies, the lack of financial stability of the subjects of the agrarian market; financial and insurance guarantees for the implementation of stock transactions; effective exchange market infrastructure of commodity markets; low investment attractiveness of the economy, low level of information and consulting, high inflation.