Article is devoted to analysis of structure and peculiarities of development of the international derivatives market. The history of formation of the international derivatives market is investigated. The nature, functions and advantages of use of derivatives, and also their role in the modern international securities market are defined. Classification of financial derivatives is considered. Product lines of financial derivatives are analyzed. The regional structure of the international derivatives market and dynamics of its development are investigated. The comparative characteristic of volumes and structure of exchange and over-the-counter segments of international derivatives market are carried out. Dynamics and structure of international markets of interest-bearing derivatives and currency derivatives are analyzed. The fundamental trends of development of the modern international derivatives market are defined.

Keywords: securities market, international derivatives market, interest-bearing derivatives, currency derivatives, product lines of derivatives, exchange market and over-the-counter securities market.

DOI: http://dx.doi.org/10.17721/1728-2667.2014/163-10/15

References

1. Cinni papery: [pidruchnyk] / [V.D.Bazylevych, V.M.Shelud’ko, N.V.Kovtun ta in.]; za red. V.D. Bazylevycha. – K.: Znannja. 2011. – 1094 s.
2. Sheludko V.M. Finansovyj rynok: [pidruchnyk] / V.M. Sheludko. – 2-ge vyd. – K.: Znannja, 2008. – 535 s.
3. Prymostka L.O. Finansovi deryvatyvy: analitychni ta oblikovi aspekty: [monografija] / L.O. Prymostka. – K.: KNEU, 2001. – 263 s.
4. Feldman A.B. Proizvodnye finansovye i tovarnye instrumenty [tekst] / A.B. Feldman. – M.: Finansy i statistika, 2003. – 304 s.
5. Hall Dzh.K. Opciony, fjuchersy i drugie proizvodnye finansovye instrumenty [tekst] / Dzh.K. Hall. – Moskva: Izd. dom “Viljams”, 2008. – 1044 s.
6. Foundations of Financial Markets and Institutions / [F.J. Fabozzi, F.P. Modigliani, F.J. Jones]. – 4 edition. – NewYork: Prentice Hall, 2009. – 696 p.
7. Triennial and semiannual surveys: OTC derivatives statistics [On-line] // Bank for International Settlements: [webpage]. – Access at: http://www.bis.org/publ/otc [cit.: 05. 10. 2014].
8. Derivatives Market Surveys [On-line] // World Federation of Exchanges & International Options Market Association: [web-page]. – Access at: http://www.world-exchanges.org/files/statistics [cit.: 07. 10. 2014].
9. Burenin A.N. Fjuchersnye, forvardnye i opcionnye rynki [tekst] / A.N. Burenin. – M.:Trivola, 1994. – 232 s.
10. Glushhenko S.V. Kredytnyj rynok: instytuty