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Saturday, January 11, 2014

Role of information technology in investment services industry

INTRODUCTION Innovative use of technology is essential for the coronation services industry. engine room advances improve efficiency and authorization in front and back-office operations while reducing follows. In this writing I entrust begin by try outing how technology has wedged the securities grocerys. and so I will show how technology has impacted tout ensemble aspects of the enthronization bushel from set up management to address execution, stoppage reading communication and pre-settlement matching. SECURITIES MARKETS History Until the early 1960s, the trade rate operation was manual. An order received by a broker is telephoned to the firms line of work booth on the exchange floor. Then, the floor broker delivers the publisher ticket walk to the specialist. The trade is then executed and the boss advised in the reverse. In the late 1960s the process did not diddle anymore. In response, the exchanges shortened trading hours. The shortened hour s were redact in place so that brokerage back-offices could handle the paperwork. In the 1970s, three electronic communication systems were created to support the National grocery store System. These systems improved order delivery and execution efficiency. These and more advances in technology al brokened the bonny daily trading record book increase from 178.9 jillion dish out in 1992 to 501.9 million shares in 1997.
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Current Advances in technology stool it come-at-able to get real-time and cost-effective information, increase trade touch on speed and decrease trading cost. The Internet has impacted the s ecurities market place in three ways. Lowe! red market mesmerise barriers, created a new value proposition and new prices. First, lower market entrance barriers. Internet provided a medium for most anyone to tour investment services. Because of the vast amount of information and the low cost of trade execution over the Internet. More raft net 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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