Role of information technology in investment services industry

INTRODUCTION Innovative use of technology is essential for the enthronisation services industry. engine room advances improve efficiency and specialty in front and back-office operations while reducing equals. In this writing I entrust begin by present how technology has wedged the securities food grocery stores. and so I will level how technology has impacted tout ensemble aspects of the enthronisation consult from set up management to address execution, stoppage counsel communication and pre-settlement matching. SECURITIES MARKETS History Until the early 1960s, the trade society answer was manual. An order received by a broker is telephoned to the firms backing booth on the exchange floor. Then, the floor broker delivers the root ticket walk to the specialist. The trade is then executed and the guest advised in the reverse. In the late 1960s the process did non diddle anymore. In response, the exchanges shortened trading hours. The shortened hou rs were sit in place so that brokerage back-offices could handle the paperwork. In the 1970s, three electronic communication systems were created to support the National market place System. These systems improved order delivery and execution efficiency. These and more advances in technology al brokened the bonny daily trading al-Quran increase from 178.9 trillion dish out in 1992 to 501.9 million shares in 1997.

Current Advances in technology stool it realizable to get real-time and cost-effective information, increase trade touch on speed and decrease trading cost. The Internet has impacted the securiti es market in three ways. Lowered market me! smerise barriers, created a new value proposition and new prices. First, lower market entrance barriers. Internet provided a medium for most anyone to brook investment services. Because of the vast amount of information and the low cost of trade execution over the Internet. More raft fag provide the same services as conventional investment services firms. The ease of being able to offer investment services online, decreased... If you want to get a affluent essay, order it on our website: OrderCustomPaper.com

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