DIRECTIONS OF HOLDING MANIPULATE TRANSACTIONS ON THE RUSSIAN FINANCIAL MARKET
The current issues of violations of parity pricing in financial markets of developed countries due to manipulative operations are disclosed. The precedent nature of counteraction to manipulative transactions is only now beginning to form, and, mainly, by the forces of state bodies. The authors of the article pointed out that the problem of manipulative practices is applied in the field of jurisprudence and law. Studies of automated methods for detecting abuses in the stock market are not adequately covered by modern specialists studying manipulative trade. In this regard, the analysis of its problems and the proposal of a generalized model solution to detect signs of manipulative trade through the automation of the bidding monitoring process have become the main objectives of this work. The object of research is manipulative transactions in the financial market. The subject of research methods to reveal manipulative transactions is considered. The scientific novelty of the work consists in justifying a generalized model solution for suppressing manipulative trade based on the k nearest neighbors method. The practical importance of the study is due to the fundamental possibility of using the proposed generalized solution for the computer algorithm constructed on the basis of the k nearest neighbors method, which can detect non-standard trading operations.
Keywords: manipulative trade and transactions, financial and stock market, automation of exchange trade.
Highlights:
♦ the legal framework and practices of developed countries to determine the criteria for manipulative trading in financial markets are analyzed;
♦ the prerequisites for the formation of categories of manipulative trade are grounded;
♦ a model for revealing signs of manipulation in trade operations based on the k nearest neighbors method is proposed.
Elena A. Razumovskaya, Doctor of Economics, Professor of the Department of Finance, Money Circulation and Credit, Ural Federal University named after the first President of Russia B. N. Yeltsin, Ural State University of Economics; Konstantin V. Pletnev, a postgraduate student, Ural Federal University named after the first President of Russia B. N. Yeltsin.