Capital market of the Slovak Republic

The aim of the article is to analyse the conditions of capital market in Slovak Republic from the view of its functionality as a tool providing redistribution of capital in economic system. We focused mainly on functionality of stock exchange as market and execution of individual theoretically determinate functions. We analysed functionality and execution of these functions in individual points, mainly on the basis of last year stock market statistics. In addition to the analysis, there was also our comparison with, relevant countries. The aim of the work was to point out some defects of Slovak capital market in the course of current global difficult times in financial sector and present possible perspectives.