Agglomeration of exchange groups on the basis of regional unions (blocs) in the global financial market
The article deals with the problem of agglomeration of the stock exchanges, of the Eurasian Economic Union (EEU) members. Creating a stock group of Belarus, Kazakhstan and Russia on the basis of the Common Economic Space will be a prerequisite for the competitiveness preservation and global crises confronting of the global financial systems of CIS countries. The comparative analysis of the stock markets state of the EEU participants identified common traits that form the foundation for uniting the stock markets of Belarus, Kazakhstan and Russia. Common information space and also linguistic and cultural ties promote the free movement of capital. Along with the favorable factors, the article indicated problems, which are a serious obstacle to the integration of stock exchanges in these countries. The main outstanding issues in the capital market of the EEU: different levels of development of national stock markets, differences of legislation, restricted access to resources for enterprises, small share of payments in national currency for foreign trade operations among countries, low capitalization, and poor development of financial services. The measures are proposed to address these problems, the main of which are: the alignment of the level of development of the stock markets of member countries, harmonization of legislation in the field of regulation of the financial markets interaction etc. Implementation of the planned measures is possible only by combining the efforts of all countries - participants of the EEU.