Unlocking opportunities in Uzbekistan’s derivatives markets: insights from South Korea and India

Abstract

The research explores the current condition and the barriers to the development of
derivatives markets in emerging economies within the context of Uzbekistan. The study analyzes
case studies from India and South Korea, where derivatives markets underwent significant
growth in the last decades. The results of the analysis reveal that implementing cutting-edge
digital tools and technology, making markets more accessible, and creating favorable legal and
regulatory environments for market participants are key to successfully attracting more investors
and increasing the trading volume of derivative instruments. The findings also highlight the role of
derivatives markets in stimulating economic growth, particularly, in emerging markets. The study
concludes by providing actionable recommendations for regulators and policymakers to promote
the development of derivatives markets in Uzbekistan and other emerging economies.
The information in this article is gathered through secondary research, primarily from scholarly
articles, official pages of exchanges, government organizations, and reputable news sources.