ANALYSIS OF WORLD EXPERIENCE OF ORGANIZATION OF STOCK EXCHANGE IN THE CONTEXT OF POSSIBILITIES OF ITS USE IN UKRAINE (Analiz svitovoho dosvidu orhanizatsii fondovoi birzhi v konteksti mozhlyvostei ioho vykorystannia v Ukraini)

World models of organization of financial market and their short characteristics have been presented. On the basis of these models the experience of stock exchanges organization in the USA, Germany, France and Poland has been analyzed. The basic characteristic features of development of exchange trade in these countries, namely: structure of organs of government control, activity of stocks exchanges, depositary-clearing system, system of implementation of mutual requirements and obligations, value and structure of professional participants of stock exchange have been elucidated. The dynamics of absolute capitalization of stock exchange has been at the same time analysed in the above-mentioned countries countries and its tendencies and problems have been determined.