Financial platforms in the Russian stock market: operational features and current state

The article analyzes financial platform services in Russia and their role in the stock market. The subject of the study is the operational features of financial platforms in the stock market. The aim of the research is to assess the current state of financial platforms in the Russian Federation and determine their role in the stock market. The article employs quarterly analysis of statistical data to evaluate trends. The study covers the period from Q3 2023 to Q3 2024 and includes a specific research method – comparison. The findings reveal that throughout the period examined, there was a consistent quarterly positive trend in the number of concluded financial transactions, with securities transactions dominating. Additionally, over the past year, financial platforms have seen an increase in registered users. This result is influenced by the rising level of financial literacy among the population. Out of the 10 financial platform operators listed in the Central Bank of the Russian Federation’s register, only 3 provide access to the stock market. These platforms offer retail bonds, over-the-counter financial instruments, and opportunities to invest in mutual funds and the exchange-traded stock market.