Subject This article discusses the rapid development of innovative financial instruments over the past decade that caused the need to examine their impact on the level of financial market security. Objectives The article aims to consider security ensuring consequences caused by expansion of innovative financial instruments. Methods The study involves the methods of analysis and synthesis, economic and statistical information analysis, and the systems approach. Results The article shows the role of innovative financial instruments in the improvement of financial market security and ways how the modern financial market changes in response to economic and technological development. Financial market is considered as a complex self-organizing system, which helps analyze innovative financial instruments in a more thorough manner. Conclusions The article concludes that spreading new innovative financial instruments along with the financial legislation improvement in the long term increases the adaptability and stability of financial market due to the growth of its diversification and the emergence of new investment opportunities. The Russian government tries to improve the national financial market security through legislation changes, whereas it may be more effectively achieved by a market diversification through the introduction of advanced innovative financial instruments.
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