Electronic derivatives trading platforms: prospects for implementation in Ukraine

Анотація

Introduction. The development of electronic derivatives trading platforms is one of the most important vectors of modernising global financial markets, determining their competitiveness, efficiency and resilience. Within the contemporary financial architecture, digital platforms function not only as tools of technological automation but also as a foundation for the deep transformation of trading, clearing and risk-management systems. The transition to electronic formats of derivatives transactions significantly enhances market transparency, reduces human-factor influence, accelerates transaction processing and ensures timely reporting to regulators. Methodology. The research applies a comprehensive set of theoretical and analytical methods. The method of theoretical generalisation is used to systematise scientific approaches to electronic derivatives trading. Comparative analysis enables the examination of global and Ukrainian models of electronic trading platforms. The institutional-structural method is applied to evaluate the role of state and market institutions in the development of clearing infrastructure. A systemic approach is used to identify interdependencies among technological, organisational and regulatory elements of the derivatives market. Results. The findings demonstrate that electronic derivatives trading platforms are a key driver of transparent, liquid and competitive financial markets. Their implementation ensures reduced transaction costs, improved risk-management efficiency and the formation of fair market price benchmarks. For Ukraine, the development of such platforms is of strategic importance for harmonisation with European standards (EMIR, MiFID II) and integration into the EU single financial area. The study identifies key directions of institutional transformation: establishing a central counterparty, digitalising clearing processes and strengthening financial literacy. The implementation of these measures will enhance financial stability, increase investment attractiveness and modernise Ukraine’s financial system.

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