FORECASTING THE DEVELOPMENT OF STOCK MARKETS IN A BECOMING-DIGITAL ECONOMY
The role of artificial intelligence, in particular, robotic systems, is consid-ered in the process of analyzing and forecasting the development of the stock market under the conditions of digitalization of the economic system. It has been proven that modern information technologies allow trading in an auto-mated form, assessing risks and arbitration, which leads to a significant in-crease in market liquidity, as well as increased opportunities for multivariate statistical analysis of the financial market. It justifies the need to improve the use of digital technologies in the financial segment in order to increase its effi-ciency.
Keywords: information, artificial intelligence, liquidity, neural networks, risks, robots, stock market, financial markets, digitalization.
Highlights:
the modern economy is unthinkable without the availability of complete information. Thousands of companies, millions of taxpayers, stock quotes, share registers - all this diversity of information flows, before decisions are made, require a fairly quick processing, understanding and qualitative assess-ment of the data;
it is determined that the model of the financial market of Russia from a mathematical point of view is very changeable. This is due to the relative youth of the domestic market, its high monopolization, dependence on the activities of international investment funds, instability in hydrocarbon prices, the impact of sanctions and the overall volatility of world stock markets;
the transition from the traditional trading system to the computerized one in the stock market took place in the last quarter of the twentieth century. The use of artificial intelligence led to the replacement of traditional traders with robotic systems, which led to an increase in the speed of transactions and a decrease in risks;
the use of artificial intelligence, in particular neural networks, contributes to a noticeable increase in the level of market liquidity, a sharp decrease in transaction costs, and an increase in the efficiency of stock markets;
in the leading sectors of the Russian economy, and above all in the fuel and energy complex, competition and the state-monopoly pricing mechanism are insignificant or completely absent, there are serious barriers and sometimes blocking entry and exit to the market;
there is the need to improve the quality of corporate management. Over the past few years, much has been done in Russia to ensure the necessary qual-ity of corporate management. At the same time, in this sphere, Russia lags far behind the world level (according to RBC, among the 30 largest economies in terms of the gross domestic product of the Russian Federation it occupies only 27th place).
Mariya Eu. Konovalova, Doctor of Economics, Professor, Head of the De-partment of Economic Theory; Aleksander M. Mikhailov, Doctor of Economics, Professor; Olga Yu. Kuzmina, Candidate of Economics, Associate Professor - Samara State University of Economics.