Publication Details
Abstract
This article examines the role of introducing new trading instruments in optimizing and stabilizing exchange revenues. The study analyzes how financial innovation, including derivatives and structured products, contributes to improving revenue diversification, enhancing market liquidity, and ensuring financial stability in exchange systems. The research also highlights that the expansion of trading instruments reduces dependency on traditional spot trading and increases the resilience of exchanges to market volatility. The results confirm that the development and implementation of new trading instruments is a key factor in improving the efficiency and sustainability of modern exchange operations.