THE IMPACT OF AUTOMATED SYSTEM ON NIGERIAN STOCK EXCHANGE


Department Of Accounting


PAGES: 55
FORMAT: MS WORD
Chapters: 1-5
PRICE: ₦ 5,000.00

THE IMPACT OF AUTOMATED SYSTEM ON NIGERIAN STOCK EXCHANGE     

ABSTRACT

The study is to determine the role of the stock market in the economic development of the country through the use of Automated Trading System (ATS), which replaced the use of Cal-over mode on the position' of Automated Trading System which is in savings and capital formulation. 

The study employs primary and secondary sources of data. The primary source of data was employed to elicit information from the respondent on the concept considered. Based on this information source, survey analysis of inferential methodology using chi-square analysis was adopted as a method of hypotheses testing. 

From the analysis of the study, it was found out that the introduction of Automated Trading System (ATS) has had positive impact on the development of stock exchange market in Nigeria. The study suggested that the Nigeria Stock Exchange should be able to meet the various international benchmarks for trading and the stock exchange should upgrade their transaction system for proper and adequate transactions in the market. 

TABLE OF CONTENTS

Title Page

Certification

Dedication

Acknowledgment

Table of content

Abstract

CHAPTER ONE 

INTRODUCTION 

1.1Background of the study

1.2 Statement of the Problems 

1.3 Research Questions

1.4 Objective of the study

1.5 Statement of hypothesis

1.6 Significance of the study

1.7 Methodology of study

1.8 Scope of the study

1.9 Definition of terms

CHAPTER THREE 

RESEARCH METHOTODOLOGY

3.1 Introduction

3.2 Research Design

3.3Population of Study

3.4 population of study

3.5 Sample and Sampling procedures

3.6 Research Instrument

3.7 Validation of Research Instrument

3.8 Reliability Test

3.9 Method of Data Analysis

CHAPTER FOUR 

DATA ANALYSIS AND INTERPRETATION OF RESULTS 

4.0 Introduction

4.1 Administration of Questionnaires

4.2 Demographic Characteristic of Samples

4.3 Hypothesis Testing and Interpretation

CHAPTER FIVE 

SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1 Summary

5.2Conclusion

5.3 Recommendation

Bibliography

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY 

The management of the Nigeria Stock Exchange after careful and critical reviews its services; identified some difficulties in the flow of transaction between the exchange stock brokers, registrars and the investing public. 

In order to remove the individual bottleneck in the transaction flow, the exchange revolved the idea of establishing an independent corporate entity that would be dedicated to improve substantially the flow of information and transaction with regards to clearing and settlement in the market, so as to enhance the efficiency of the range of services derived to investors. This resulted in the setting up of the Central Security Clearing System (CSCS) as the clearing House of the Nigeria Stock Exchange in April 1997. 

Since the emergence of the Central Security Clearing system, these has been an exchange from the manual call over trading system to the Automated Trading System (ATS) the transaction which was made on April 27, 1999, was at once a progression on the CSCS and a response to developments of the exchange operating environment in getting set for the global capital market today. Too much attention cannot be paid to technology. Technology, as facilitator of high quality service delivery has transformed markets around the world and these markets now compete in the basis of efficiency and spend of executing should the market not meet an efficient standard, the capital meant for it will be invariably invested elsewhere possibly resulting in net profit outflow. In the case of Nigeria, as newlyliberalized market, the capital inflow may be less than optimal, if effort is not made to enhance the speed and efficiency of Nigerian Stock Exchange. 

Therefore, the translation of the ATS was dined with a view to enhance the role of the stock market in the economic development of the country. There is no doubt that the benefit of an Automated Trading System will engender resources to the stock markets, with positive implication for savings and capital formation in the economy. 

Also, the A TS, as an upgrade of NSE Trading System, has placed the stock exchange on equal pedestal with many emerging markets, thereby enhancing competitive position among the world stock exchange. This led to the research work "The Impact of Automated Trading on Nigerian Stock Exchange". 

1.2 STATEMENT OF THE PROBLEM 

This study will be concerned with the impacts of automated trading system on the Nigerian Stock Exchange. Trading on the Nigerian Stock Exchange is automated. At the moment, brokers come to the trading floor under their or chess, but arrangements have commercial for remote trading, whereas brokers can trade electronically from their offices in any part of the country. Automated Trading System has facility for remote trading and surveillance and there is not perfection in this method of trading. 

These imperfections include:

i. Poor network connection 

ii. Use of out dated computers 

Inefficiency of control server iv. Inefficiency of brokers to handle the electronic computer 

v. Capital gains cannot be easily exploited 

vi. Inability to accelerate resolution of disputes among operation 

vii. Investor's confidence has been engendered by the trading system. 

viii. There has been numerous complaint-failed transitions system. 

1.3 RESEARCH QUESTIONS 

1. What are the effects of Automated Trading system in the Nigerian Stock Exchange? 

2. What roles Automated Trading System play on the Nigerian Stock Exchange? 

3. What is the Difference between Automated Trading system and call over Trading System? 

4. What are the benefits and shortcomings of Automated Trading System on the Nigerian Stock Exchange? 

5. Have investors and corporate organizations maximize the benefits derivable from Automated Trading System? 

6. Has Automated Trading System bring about transparences among the market operations? 

7. What is transactions cost of Automated Trading System in the country.

8. Are these readily available investors for the product traded in the Automated Trading System? 

1.4 OBJECTIVES OF THE STUDY 

This study is set to achieve the following objectives: 

⦁ To determine price stability and transparency on the automated trading system 

⦁ To examine the trading activities of members of the stock exchange for their mutual advantage and for the benefits of this clients. 

⦁ To examine the globalization of the Nigeria capital market. 

⦁ To better relationship between investors and the generation in the market. 

⦁ To find facility for remote trading and surveillance. . 

⦁ To examine credibility in transparency a timeliness of transactions. 

1.5 STATEMENT OF HYPOTHESIS 

The hypothesis of this study involves both the null hypothesis and alternative hypothesis. 

Ho: Automated Trading System had no effect on the Nigerian Stock Exchange. 

H1: Automated Trading system has impact on the Nigerian Stock Exchange.

1.6 SIGNIFICANCE OF THE STUDY 

This study will justify the operations of the Automated Trading System by promoting a vigorous and healthy private sector within the economy in promoting private sector developments, financial policies and sound macroeconomic policies are adopted. 

The research work will bring in companies to list on the stock exchange and to sell an adequate proportion of this equity to the public. Also, the application of A TS will bring about effective system to intermediate between brokers, dealers, merchants or investment banks and underwriter. 

1.7 METHODOLOGY OF STUDY 

The methodology that was adopted during the research work includes: the use of primary method of data collection and secondary data would be used. The primary data used involved oral interviews as well as questionnaire and secondary data involves the used documented records, journal, textbooks, publications and unpublished articles, andthe source of data collection will, be through the use of a well standard questionnaire will be adopted extensively during the course of this research project. The hypotheses were tested using the chi-square (X2) method. 

1.8 SCOPE OF THE STUDY 

The study covers to a good extent the impacts of ATS on the Nigeria Stock Exchange, putting into consideration the various financial policies. It will also reveal within its framework, the various financial policies innovation in what has helped in boosting globalization and improving the performance of the industry in general.

The scope of study therefore IS limited to component enhancing globalize/automated system in the world in general using various instruments available in the industry 

1.9 DEFINITIONS OF TERMS 

Automated Trading System: It is a security arrangement whereby transaction on the stock exchange is achieved through a network of computer. 

Software Horizon: The horizon is a trusted security trading solution, which has been deployed in developed and emerging stock market pre-open and close state ATS. 

The Pre-Open State: Is when system, the orchess for buys and sells on their systems. The orchess are not matched and brokers can change all or aspect of the orchess, 

The Open State: Is when trading engine (the computer service) generates by opening and matches the orchess, followed by continuous trading. The CLOSE STATE is when the market prices close and trading is halted till the next day. 

.



TYPE IN YOUR TOPIC OR KEYWORD AND CLICK SEARCH:

HOW TO GET THE COMPLETE PROJECT MATERIAL ON THE IMPACT OF AUTOMATED SYSTEM ON NIGERIAN STOCK EXCHANGE

  • * Click the green DOWNLOAD Button above

    * Select any option to get the complete project material instantly.

    * Chat our 24/7 customer service desk on WhatsApp# (+234) 0803-766-4978 and get your complete project material instantly.

    * All project materials on this website are well researched by professionals with high level of professionalism.


TESTIMONIES FROM OUR CLIENTS

Please feel free to carefully review some written and captured responses from our satisfied clients.


  • Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.

    "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."


  • Hilary Yusuf, United States International University Africa, Nairobi, Kenya.

    "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"


  • Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.

    "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."


  • Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.

    "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."


  • Sampson, University of Nigeria, Nsukka.

    "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."


  • Cynthia, Akwa Ibom State University .

    "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."


  • Elizabeth, Obafemi Awolowo University

    "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."


  • Ali Olanrewaju, Lagos State University.

    "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."


  • Willie Ekereobong, University of Port Harcourt.

    "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"


  • Theressa, Igbinedion University.

    "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 5k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"


  • Joseph, Abia state Polytechnic.

    "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."


  • Christiana, Landmark University .

    "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"


  • Musa, Federal University of Technology Minna

    "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."


  • Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.

    "I was scared at first when I saw your website but I decided to risk my last 5k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."


  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.
    Thank you for choosing researchwap.com.

FREQUENTLY ASKED QUESTIONS

  • How can I get the complete project - THE IMPACT OF AUTOMATED SYSTEM ON NIGERIAN STOCK EXCHANGE

    Simply click on the DOWNLOAD green button above and follow the procedure stated.


    Is it a complete project work or just materials?

    Yes, it's a Complete Research Project material. i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data


    What if I want to change the case study for THE IMPACT OF AUTOMATED SYSTEM ON NIGERIAN STOCK EXCHANGE, What can i do?

    Chat with Our 24/7 Customer Service Desk Now: WhatsApp# and you will be responded to Instantly


    How long does it take to get the complete project on THE IMPACT OF AUTOMATED SYSTEM ON NIGERIAN STOCK EXCHANGE?

    Depending on how fast your payment and details is acknowledged by us, you will get the complete project within 30 minutes. However, on a very good day you can still get it within 15 minutes!


    How will I get my complete project?

    The Complete Project Material will be Delivered via your Email Address in an MS Word document format


    Can I get my Complete Project through WhatsApp?

    Yes! We also send your Complete Research Project to your WhatsApp Number


    What if my Project Supervisor made some changes to a topic i picked from your website?

    Call or Chat With Our 24/7 Custumer Care Desk: +2348037664978 and you will be responded to Instantly


    Do you assist students with Assignment, Term Paper, Seminar and Project Proposal?

    Call or Chat With Our 24/7 Custumer Care Desk: +2348037664978 and you will be responded to Instantly


    What if i do not have any project topic idea yet?

    Don't Worry! We've Got Your Covered. Chat with us on WhatsApp# (+234) 0803-766-4978 to Get Instant Help.


    Why should I trust this website?

    We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "TOPNOTCH INFOTECH ENTERPRISE". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!


    I have a fresh topic that is not on your site. How do I go about it?

    Don't Worry, Chat with us on WhatsApp# (+234) 0803-766-4978 to Get Instant Help.



PROJECT DETAILS

PAGES: 55
FORMAT: MS WORD
Chapters: 1-5
PRICE: ₦ 5,000.00




TYPE TOPIC OR KEYWORD AND CLICK SEARCH: