Modern global financial market: features and main development trends

The article reveals the features of the modern global financial market (GFM)’s functioning. Special attention is paid to the analysis of the GFM’s digitalization, which covers all its segments and radically transforms the nature of the activities. The article concludes that the modern GFM does not fully ensure the effective redistribution of financial resources between various counterparties, which negatively affects the development of the global economy, and financialization of the world economy continues, which further weakens the connection between operations in the financial market and the real sector of the world economy.