Development of exchange and over-the-counter derivatives of financial instruments in Russia
https://doi.org/10.26425/1816-4277-2021-12-151-156
Abstract
Since there is an active trend of increasing derivative instruments in the Russian derivatives market, the object of this study was exchange-traded and over-the-counter derivatives in Russia, and the purpose of the study – the development of their application. To achieve this goal, such scientific research methods as analysis, comparison, description and historical method are used. The most important conclusions of the study are that the derivatives market has developed rapidly since 2013, but in 2021 it witnessed a significant increase due to the appeal of a large number of investors to invest in financial markets, and due to increased concern about the volatility of the exchange rate, due to which many dealers dealing in derivatives buy these instruments sometimes for the purpose of hedging, and at other times for the purpose of speculation or both.
About the Author
Ali Haitham Eid
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Graduate Student,
Moscow
References
1. Ayupov A. A. Derivative financial instruments: circulation and management: monograph, Togliatti, Tоgliatti State University, 2007, 202 p. (In Russian).
2. Blokhina T. K. The derivatives’ market: world trends and prospects, RUDN Journal of Economics, 2015, no.1, pp. 94–102. (In Russian).
3. Zabolotskaya V. V., Kvitkina Yu. A. The global derivatives market: current status and opportunities for Russia, Finance and Credit, 2018, vol. 24, no. 10 (778), pp. 2184–2203. (In Russian). https://doi.org/10.24891/fc.24.10.2184
4. Kozyr N. S., Getmanova A.V. Prospects of development of the market of derivatives in Russia, Modern Technologies of Management, 2016, no. 6 (66), pp. 30–44. (In Russian).
5. Lialin V. A. Formation and development of the Russian market of derivative financial tools, Problemy sovremennoi ekonomiki, 2015, no. 1 (53), pp. 135–138. (In Russian).
6. Prudnikova A. A. Development of the market of derivative financial instruments and problems of its regulation, Regional’nye problemy preobrazovaniya ekonomiki, 2015, no. 6 (56), pp. 63–70. (In Russian).
7. National Settlement Depository. Available at: https://www.nsd.ru (accessed 04.09.2021).
8. The market of derivative financial instruments: trends and risks, Bank of Russia, 2021. Available at http://www.cbr.ru/Content/ Document/File/126537/instruments_market_20210929.pdf (accessed 06.09.2021).
9. The futures market of the Moscow Stock Exchange, Moscow Stock Exchange. Available at: https://www.moex.com/ru/derivatives / (accessed 04.09.2021). (In Russian).
Review
For citations:
Eid A. Development of exchange and over-the-counter derivatives of financial instruments in Russia. Vestnik Universiteta. 2021;(12):151-156. (In Russ.) https://doi.org/10.26425/1816-4277-2021-12-151-156
Views:
901
Email this article 