Rozwój rynku papierów wartościowych na Ukrainie w aspekcie funkcjonowania Ukraińskiej Giełdy Papierów Wartościowych

The process of system transformation (including economic policy and political sphere in Ukraine), the main purpose of which is transition from plan economy to market economy, needs essential changes in already functional markets, and refinement of lawregulation forms, determining the workings of the whole economical system. Nowadays, there is a process of quite intense changes in commodity market, services and finance sectors, and labour market as well. However, stock market is developing more intensive. These changes need to be seen as a transformation of traditional trade and introduction of new lines, and rising of stock sales as a separate form of comercial activity, based on selling particular kinds of gods according to definite rules. The main purpose of the research is the analysis of the security market development in Ukraine and the Ukrainian Stock Exchange in Kiev. The article discusses functions of the institutions up and running the Ukrainian security market.