CURRENT STATE AND PROBLEMATIC ASPECTS OF THE DEVELOPMENT OF INTERNATIONAL STOCK EXCHANGE ACTIVITIES
Abstract
The development of international exchange activity has a significant impact on the state of the world economy. In view of this, an important and necessary scientific task is the study of trends in the development of stock exchanges and the identification of problematic areas of their work. To achieve the set goal, the research was used the analysis of statistical indicators characterizing the development of international exchange activity, comparisons with relevant economic indicators, as well as summarizing the works of specialists and experts in a certain scientific direction. The article is devoted to current issues of the development of international exchange activity, in particular, modern trends in the functioning of commodity and stock exchanges are investigated. The essence and significance of international exchanges in modern economic activity is determined. The indicators of the development of international stock exchanges were considered and their weight in the world economy was evaluated. A comparison of the capitalization indicators of the largest international stock exchanges with the gross domestic product of the United States was made. Considerable attention is focused on the problem of estimating the volume of spot commodity markets. The indicators of the World Trade Organization regarding the global turnover of certain groups of goods are given. The turnover of the energy market is considered as an important indicator of the volume of commodity exchange activity. The main problems of stock exchange trade are singled out, in particular, speculative activity on the stock exchange and stock market collapses are considered. The connection between speculative behavior and collapses is analyzed. The negative scenarios of the development of stock market activity are considered. Examples of the most significant errors observed in the trading activity of exchanges are given. As recommendations of significant practical value, the article substantiates the need to develop software and information technologies that meet the modern needs of stock exchanges and will allow minimizing negative scenarios in the development of stock exchange activity.
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