12.04.2023

Interuniversity round table "Russian stock market: current state and development trends"

On April 6, at the Faculty of Economics of the Institute of Economics and Management of RSUH, an interuniversity round table "The stock market of Russia: the current state and development trends" was held, organized by the Department of Finance and Credit.

President of the Board of ACI Russia, Head of Algorithmic Trading of ALFA-BANK JSC, Chairman of the Foreign Exchange Market Committee, member of the Derivatives Market Committee, member of the Information and Technology Committee of the Moscow Exchange, Mr. Egorov, Director for Business Development of Masterchain, Mr. Ryabov and his deputy Ms. Fedorova, Head of the Department of Analytical Research of the investment group "IVA Partners", Mr. Alexandrov, Professor of the Department of Economics and Finance of the Karelian Branch of the Russian Academy of National Economy and Public Administration Mr. Rudakov were the co-presenters at the event.

Professor Spilnichenko focused the attention of the participants on a number of the following trends in the development of the financial market:
• intensifying the participation of individuals in operations on the stock market, while slowing down the growth of net individual investment accounts;
• increasing by 5 times the investments of Russian households in listed shares in the market in 2022 alone and bringing their market share to 80-86% of the total volume of transactions;
• an increase in the number of fraudulent activities in the financial market; development of new approaches to market regulation associated with a significant influx of new investors;
• a significant reduction in the number of professional bidders in 2022;
• emergence of new financial instruments,
• as part of the ESG strategy, in 2022, the infrastructure for the issuance and circulation of carbon units was completed in the mode of commodity auctions, etc.;
• an increase in the volume of borrowings in the domestic market with a simultaneous decrease in the total volume of bonds of external bond loans of the Russian Federation and federal loan bonds (OFZ);
• the destruction of the global securities market due to the sanctions policy of unfriendly countries;
• development of digital technologies and increased attention of investors to digital assets first issued in 2022, etc.

Mr. Egorov noted that the Russian financial market operates in difficult conditions. Its infrastructure is developing, but the composition of the participants has changed. Ms. Fedorova spoke about the development of digital financial assets as an investment tool for practical application in the Russian market. Mr. Aleksandrov noted in his speech that the Russian market had survived in difficult conditions and was currently not completely cut off from foreign markets.