Наукові орієнтири структурування інфраструктури фінансового ринку

Abstract

The structural and elemental structure of the infrastructure is a separate area of scientific analysis, especially given its direct dependence on the subject of study. The concept of "financial market infrastructure" can be defined as an organically ordered unity of interconnected structural components, able to ensure in reality and in the long run the smooth functioning of the market mechanism of relationships of financial market entities and objects and through certain functions - implementation its own patterns and a positive impact on socio-economic dynamics. In this definition, the infrastructure of the financial market, as part of the market infrastructure, subject to general laws, is a relatively independent and special area that has its own specifics, goals, and therefore differs in its own structural structure, forms and methods of influence aimed at effective market mechanism. in the financial sphere. The primary features of the structuring of the financial market and its infrastructure should be the functional features of each of its segments, taking into account the fact that the financial market meets the interests of many of its participants, which have their own properties and infrastructure. At the same time, it is equally important to take into account that each of the segments also uses the services of infrastructure institutions that are not subjects of the actual market segment (for example, legal entities that do not issue and do not invest in securities, but perform calculations and register the movement of securities). It should be added that the development and integration processes of individual segments of the financial market make it difficult to draw a clear line between them, the same entities can and do operate in different segments. Financial conglomerates are also emerging, bringing together different financial services markets. That is, in addition to the actual infrastructure of certain segments of the financial market, it should also be a single system of infrastructure of the financial market, which would cover all its participants and on this basis reduce their transaction costs.