ORGANIZATIONAL AND ECONOMIC PRINCIPLES OF THE DOMESTIC DERIVATIVES EXCHANGE TRADING DEVELOPMENT

Abstract

The article highlights the theoretical foundations of the organizational and economic prerequisites for the derivative contract’s exchange trading development in Ukraine. Taking into account Ukraine's significant annual indicators of agricultural exports and its high agro-industrial potential, the article notes the important role of studying the organizational and economic conditions for improving domestic exchange trading in derivative contracts on organized commodity markets in the post-war period of rebuilding Ukraine's economic system and accelerating European integration processes. Based on the systematization of the views of domestic scientific researchers, the main stages of the formation of exchange trading in derivative contracts are expanded and supplemented, taking into account the peculiarities of the functioning of organized commodity markets under martial law. The main obstacles and factors that hindered the further improvement of domestic exchange trading in derivatives are presented. Promising directions for the further development of exchange trading in derivative contracts in Ukraine in the post-war period are highlighted. Among the main organizational measures necessary to accelerate the development of domestic exchange trading in derivative contracts, the importance of forming the necessary market infrastructure was noted, which would ensure transparent conditions for the functioning and regulation of the spot market for commodity assets. It should be noted that certain steps have already been taken in this direction in Ukraine, including the necessary regulatory system. The importance of the restoration of exchange trading in financial derivatives, which has already taken place in the practice of domestic stock exchanges, is noted, which will become the optimal solution in the post-war period. The introduction of exchange trading in futures contracts for commodity assets may be the next step in ensuring the further development of organized commodity markets in Ukraine. After all, competitive conditions for market pricing allows for the forecasting of market prices.