Abstract
The article analyzes the theoretical and practical issues of researching the financial market and theimpact of innovation on the empowerment of financial and non-financial institutions. Innovative development of societyhas taken on particular importance in recent years in the era of virtualization, internetization and cloud technologies,when new financial instruments appeared. These technologies provide the ability to transfer money to other countriesand continents, make instant payment for goods and services, save and generate information in the database, conductoperations with virtual currencies, receive and provide loans between individuals and legal entities. The study, some ofthe findings of which are presented in this article, is devoted to current trends in the development of the financial marketin the context of diversification of innovations, including on the stock and currency exchanges.Object of study ‒ the global financial market. The subject of the research is innovative processes in financialmarkets.The purpose of the study is to identify trends and prospects for the development of innovative processes in financialmarkets.The research methodology is based on the logical alignment of the material and on the analysis of the state of theglobal financial market and drawing conclusions based on the results.The scientific and practical significance of the work consists in the new presentation and systematization ofinnovative processes in financial markets.Results of the research: further development of the financial market requires the development of informationtechnology, the banking sector and the stock market.