Features of formation of the securities market in Russia

The article is devoted to general issues of Russian securities market functioning. In the sanctified questions about the development of securities market in Russia, and also describes the problems of the securities market functioning and describes the trends of its development.

Tags: Russia, the formation of market securities.

The securities market undoubtedly relevant topic. The securities market - an integral part of the market economy and the Russian economy is growing at the market route. In recent years, the market is actively developing infrastructure, issue of securities, the number of participants increases and market issuers, and increasing their professional level. Also grows and the number of securities transactions. The securities market is considered to be a financial institution which carries out the function of formation of capital investments.

At present, the Russian Institute of the securities market is not entirely formed kachetvenno and not to the end. Also, it is very susceptible to changes.

At the moment, our state faces important tasks: to create a productive Russian securities turnover control system, form an effective securities market, to use all of its features, as an industry development investment and growth. In order to solve these problems, you need to explore in more detail the securities market in Russia as an institution, its nature, and the need to substantiate the practical trends in the development of this market.

At the end of XX century in the 90s, with the adoption of the Civil Code of the Russian Federation, the Federal Law "On Joint Stock Companies", "On Securities Market", begins to develop more fully the settlement of the securities market. On the market there are tools such as the Bank of Russia bonds, municipal bonds, mortgage bonds with a government guarantee, government savings bonds and increased the number of issued securities of corporations. At the moment, despite the global financial crisis on the domestic securities market has remained quite positive dynamics of development.

If we talk about the stage of development of the securities market today, the most important feature is the formation of a modern law that determined the path of civilized development of the stock market. The number of participants in the stock market, there is a rapid development of the insurance and private pension funds, the country has formed a large market of promissory notes. Established stock market infrastructure organizations such as registrars, depositories, clearing houses.

Throughout its development, the activities of the Russian securities market is different feature: a major role in the overall volume of the market takes the government securities market. At present, the number of municipal securities in the Russian stock market is very significant and represent the most established market way of development of the public debt.

According to the judgment of some researchers in Russia was formed mixed, polycentric model of the securities market, which at the same time and with the same rights there are stock exchanges, commercial banks and various other financial institutions. On this market operate a large number of corporations whose shares are traded on the market; There are on the market a number of different tools; the population of our country is prone to stockbroking; a large number of financial institutions operating on the market; the internal market is open to a large extent; focus intellectual resources.

Currently, the domestic stock market is a couple of different types of public debt. The market is typical of the largest emerging markets, and has a dual characteristic. On the one hand there are many problems that inhibit its development, and on the other hand, it may be noted positive growth of quantitative and qualitative changes, which is quite high.

According to AM Gerasimova, a sharp decline in the stock market in our country in recent years, has revealed its weaknesses - a small amount of domestic investment resources, which hits the market through investment, private pension funds, banks, insurance companies, etc...

After this, the stock market in Russia is influenced by the main raw material price changes: gas, oil, metals. Fuel and energy complex in their promotions have retained their high concentration of turnover and capitalization. Therefore, the Russian stock market can not cope with the task of efficiently reallocating resources.

According to MS Agafonov and AO Cheglakova, now it is the opportune time to enter the market because domestic securities show good growth, and operations on the securities market is mainly generate revenue. For years, the growth of the Russian securities market highlighted the positive dynamics and buduyuschy period is forecast stable growth and income from money invested.

Now for the Russian securities market it is very important to attract the entry of new entities and private investors, issuing securities, the volume growth. If the market will participate more private investors, the market will less responsive to various changes and fluctuations. To realize this task, it is necessary to conduct the program, which will be important in the financial education of the population, as well as marketing activities, which will have a common goal to introduce in the most attractive way the stock market for investors. These activities eventually have to show investors, with appropriate and favorable market conditions, the ability to generate revenue.

Thus, in the modern state of the market economy is characterized by a complex system of a variety of different niche markets. The interaction of these markets determines the economic mechanism of the state.

In today's world there is globalization of the market space. It was during this process, the functioning of the securities market is very important. Financial sources of economic growth of the state is formed in this area. Where investment funds are collected and distributed among the industries, sectors and economies of various countries.

Thus, the state of the stock market shows how high the potential of the economy and the economic system as a whole. And what is important, the stock market predicts the economy really exist, its behavior.

The system of financial market place securities market depends on the ratio of the volume of the various operations in selected markets included in the securities market. What determines the level of development of the economy, the degree of economic, political and social stability, as well as how long there will be a national securities market.

The stock market has a significant, and in the market economy - the irreplaceable role of the innovation engine of progressive development, a strong stimulator of capital inflows. As well as the role of regulator of the actions of those forces that seek to hinder the establishment of economic equilibrium.