This paper is published in Volume-7, Issue-5, 2021
Area
Information Technology
Author
Disha Bhagat
Org/Univ
Podar International School, Mumbai, Maharashtra, India
Keywords
Information Technology (IT), Stock market, Capital Market, Stock Exchange, IPO (Initial Public Offer), Automated Trading, Technological advancement, Algorithm Trading, Transaction chain, Stock trading sector, Tradelect, Web-based trading, Markets in Financial Instruments Directive (MiFID).
Citations
IEEE
Disha Bhagat. Application of Information Technology in Stock Market, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Disha Bhagat (2021). Application of Information Technology in Stock Market. International Journal of Advance Research, Ideas and Innovations in Technology, 7(5) www.IJARIIT.com.
MLA
Disha Bhagat. "Application of Information Technology in Stock Market." International Journal of Advance Research, Ideas and Innovations in Technology 7.5 (2021). www.IJARIIT.com.
Disha Bhagat. Application of Information Technology in Stock Market, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Disha Bhagat (2021). Application of Information Technology in Stock Market. International Journal of Advance Research, Ideas and Innovations in Technology, 7(5) www.IJARIIT.com.
MLA
Disha Bhagat. "Application of Information Technology in Stock Market." International Journal of Advance Research, Ideas and Innovations in Technology 7.5 (2021). www.IJARIIT.com.
Abstract
India was introduced to the Internet in the early '90s and the users started to increase rapidly. India stands 5th in the list of countries by the number of internet users. The Stock markets introduced Internet trading (online trading) in February 2002 which has brought a tremendous change in trading. The National Stock Exchange started the first form of online trading wherein users/investors can buy/sell stocks in a day without much paperwork. Earlier it used to take around 60 days to buy/sell stocks in stock markets and the investor also had to go through loads of paperwork. But thanks to Internet the wait has been curbed and in the last ten years, Indian capital markets have recorded 1488% of growth in exchange turnover. The online trading system of NSE is used by companies to make IPOs through book building. It is a fully automated screen-based bidding system that allows trading members to enter bids on behalf of their clients. All bids received by the system are numbered, time-stamped, and stored in the book till the last day of the book-building process, and the offer price is determined after the bid closing date. While ensuring efficient price discovery, this system reduces the time taken for the completion of the issue process.