Instruments of financial market development in the Russian Federation

The article addresses the development of financial markets in the Russian Federation, specifically focusing on the valuation of derivatives and the significance of the Moscow Stock Exchange. The research aims to analyze the various instruments of financial market development, such as options, futures, swaps, and forwards. Employing statistical analysis and employing different models and methods for valuing derivatives, the study collects data spanning the period from 2019 to 2021. Methods: To achieve the study’s objectives, statistical analysis is employed, and a comprehensive examination of models and methods for valuing derivatives is undertaken. Data collection spans the timeframe from 2019 to 2021, encompassing multiple facets of the Moscow Exchange’s growth, including trading volumes, turnover, and transaction counts. Results: The study’s findings indicate a consistent growth trend in trading volumes and turnover on the Moscow Exchange during the reviewed period. Notably, this growth was particularly pronounced in 2020, which can be attributed to the repercussions of the COVID-19 pandemic. The Russian bond market emerges as the second largest among emerging markets, following China, thereby underscoring its significance. Furthermore, diversification within the bond market is revealed to enhance access to capital, investment diversification, and overall market development.