Derivatives market in Ukraine: current trends and prospects for development
DOI:
https://doi.org/10.37772/2309-9275-2025-2(25)-2Keywords:
stock market, financial instruments, derivatives, market infrastructure, risk management, hedgingAbstract
Derivatives are gradually gaining recognition as essential tools for managing various types of financial and price risks, improving market predictability, and promoting the sustainable development of exchange activities. Despite their evident potential, the domestic derivatives segment remains underdeveloped compared to that of advanced economies, mainly due to limited market liquidity, insufficient institutional capacity, low investor awareness, and the absence of an integrated regulatory environment that would ensure balanced, transparent market functioning. This article examines the role and effectiveness of derivatives as key instruments in the context of exchange and financial market activities in Ukraine. It emphasizes the importance of exchange-traded derivatives and highlights the contribution of exchange infrastructure to ensuring the reliability, transparency, and efficiency of derivative transactions. The study applies a set of methods, including comparative analysis, economic and statistical approaches, graphical modelling, which allow for the identification of major market trends, interdependencies, factors influencing their dynamics. The ultimate aim of the study is to determine how the use of derivatives contributes to financial stability, risk mitigation, the integration of the Ukrainian derivatives market into the global financial system, while outlining the prospects for its sustainable development.
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