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The impact of technology on the trading of securities

Author Affiliations

  • 1Department of Commerce, Mats University, Raipur, CG, India
  • 2Department of Management Studies, St. Thomas College, Bhilai, CG, India

Int. Res. J. Social Sci., Volume 7, Issue (6), Pages 38-42, June,14 (2018)

Abstract

In recent world, Technology is playing major role in every fields and also in field of trading, dealings and decision made quickly by the help of electronic trading, but securities and regulations related to trading properly handled by SEBI. In India for security and regulation of trading has controlled and properly regulated by an organization which has known as SEBI (Securities and Exchange board of India).The ministry of Finance, Govt. of India has transferred most of the power under the security contract act 1956 to SEBI. The SEBI act 1992, was enacted to empower SEBI with statutory powers. For protecting the interests of investors in securities, promoting the development of the securities market and regulating the securities market. February 2000 witnessed the introduction of stock trading on the internet in India. Currently ICICI web trade, Sharekhan, Kotak street, Geogit securities, Investmart and other offer internet trading. To do internet trading you have to register yourself as a client with the internet broker, apart from having a computer, a modem, and a telephone connection. You also have to keep a minimum deposit in the bank account with the internet broker which the brokers directly debit or credit. Given the short coming of broker intermediated trading there is a worldwide trend toward electronic trading. In India the first step toward electronic trading in bonds was taken when RBI’s negotiated dealing system (NDS) was introduce in Feb 2002. NDS was meant to be used for bidding in the primary auctions of Govt. securities conducted by RBI as well as for trading and reporting of secondary market transactions. So for the proper utilizations of developing technologies which related to trading, SEBI has taken amendment in 2002 for proper securities and regulation of trading.

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