Nimkovych A. Strategic Support of Development of Stock Market Infrastructure Institutes

There are determined an economic content of the securities market infrastructure and refined its classification features. Provided an analysis of existing approaches to defining the concept of “securities market infrastructure”. The generated definition takes into account the functional features of the infrastructure. Specified strategic assurance facility – a functional stock market infrastructure model that, in contrast to existing approaches, establishes a link between functions across infrastructure lines to relevant institutions, highlighting the following areas: securities trading direction, clearing direction, asset management direction, storage direction, and registration of ownership of securities, direction of providing information for participants and direction of regulation. The basic tendencies of development of stock market infrastructure institutions, the state and dynamics of each direction of functioning of stock market infrastructure institutions during 2008-2018 were revealed. Based on the strategic toolkit for the assessment of stock market infrastructure development, which consists in: identification of indicators that functionally mediate, informational, technical and organizational support of the stock market and determining the level of development of stock market infrastructure institutions by an integrated taxonomic indicator.