Risk management of private investors in the securities market using online trading systems
Sokolovskiy M.V.1
, Tselikhina I.V.1
1 Кемеровский государственный университет
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Journal paper
Russian Journal of Entrepreneurship *
Volume 19, Number 12 (December 2018)
* Этот журнал не выпускается в Первом экономическом издательстве
Abstract:
The Russian stock market, despite a long history of formation, still remains in a developing state. The volume of operations with securities is concentrated in a narrow circle of enterprises, the number of private investors is also small. In fact, the entire volume of work on the stock market has been transferred to the format of online trading, the last "pits" closed a few years ago. This trend allows us to highlight some prospects for the development of the stock exchange, including the increase in private investors and the possibility of trading foreign securities, but online transactions with securities are accompanied by quite specific risks. Private investors are focused on speculative operations, long-term investments are unpopular. All above mentioned factors increase risks and create a need for risk management. The article attempts to analyze the risk management system of virtual work of Internet brokers on the stock exchange. The emphasis is shifted to private investment, as this unit is one of the most promising for the development of the securities market at the present stage.
Keywords: risk management, risk assessment, online trading, risk and profitability of on-line operations with securities, private investment on the stock exchange
JEL-classification: G32, G10, G24, G23
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