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

Elena V. Krasova ()
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Elena V. Krasova: Vladivostok State University of Economics and Service, Vladivostok 690041, Russia

Finansovyj žhurnal — Financial Journal, 2018, issue 2, 94-105

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.

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 (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:180208:p:94-105

DOI: 10.31107/2075-1990-2018-2-94-105

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