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Professional Intermediaries in the Russian Stock Market: Conditions and Trends of Development

Author

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  • Elena V. Krasova

    (Vladivostok State University of Economics and Service, Vladivostok 690041, Russia)

Abstract

The article is devoted to the actual issues in development of professional intermediaries in the Russian stock market. The author considers the conditions under which professional intermediaries operate and the trends of their development in recent years. The research methodology is based on the modern theory of securities market and the concept of effective development of stock markets. The article substantiates the role and the place of professional stock market intermediaries in the modern financial system of Russia, shows the dynamics and structure of the number of intermediary companies. It also studies the macroeconomic risks of their development, presents the rating of the leading intermediaries by the volume of transactions in the Russian stock market and analyzes the level of concentration as the most important characteristic of the professional intermediaries’ market.

Suggested Citation

  • Elena V. Krasova, 2018. "Professional Intermediaries in the Russian Stock Market: Conditions and Trends of Development," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 94-105, April.
    • Handle: RePEc:fru:finjrn:180208:p:94-105
    DOI: 10.31107/2075-1990-2018-2-94-105
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    References listed on IDEAS

    as
    1. Yu. Danilov & O. Buklemishev & A. Abramov., 2017. "Urgency of financial markets’ and non-banking financial sector reform," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
    2. Boris Cournède & Oliver Denk & Peter Hoeller, 2015. "Finance and Inclusive Growth," OECD Economic Policy Papers 14, OECD Publishing.
    3. A. Abramov & A. Radygin & M. Chernova/, 2014. "Financial Markets Regulation: Models, Evolution, Efficiency," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
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    Cited by:

    1. Sergei V. Yakunin, 2019. "Domination of Banks With State Participation in Russia: Current Trends," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 64-74, June.

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    More about this item

    Keywords

    professional intermediaries; professional participants in the stock market; Russian stock market; stock market instruments; financial and industrial groups; banking sector in stock market; concentration of stock market;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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