International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 8, Issue 2 (March-April 2026) Submit your research before last 3 days of April to publish your research paper in the issue of March-April.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 8 Issue 2
March-April 2026

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

The Role of Information Technology in Shaping Modern Stock Market Practices

Author(s) Prof. Dr. Chitralekha Avinash Pawar
Country India
Abstract The global stock market has experienced a profound transformation over the past few decades due to rapid advancements in Information Technology (IT). Traditional stock market systems, once dominated by manual trading floors, paper-based documentation, and delayed information dissemination, have been replaced by highly automated, technology-driven platforms. Information Technology now forms the backbone of modern stock market operations, enabling real-time trading, high-speed data processing, electronic clearing and settlement, and enhanced market surveillance. This research paper examines the role of Information Technology in shaping modern stock market practices, with particular emphasis on trading efficiency, transparency, investor participation, decision-making processes, and associated technological risks.
The study adopts a descriptive and empirical research design to analyze how IT-enabled systems—such as electronic trading platforms, online brokerage services, mobile trading applications, algorithmic trading systems, and digital data analytics tools—have redefined stock market functioning. Primary data were collected through a structured questionnaire administered to 104 respondents, including individual investors, students, salaried employees, and businesspersons with exposure to stock market activities. The questionnaire was designed to assess awareness levels, usage patterns, perceived benefits, and perceived risks related to IT-based stock trading systems. Secondary data were sourced from academic journals, textbooks, stock exchange publications, and authoritative financial websites to establish a strong theoretical and conceptual foundation.
The findings of the study indicate that awareness of Information Technology in the stock market is generally high among respondents; however, the depth of understanding varies considerably. Online trading platforms and mobile trading applications are perceived as the most important technological systems, highlighting the growing importance of accessibility and convenience in modern trading practices. A significant proportion of respondents acknowledge that IT has led to substantial improvements in trading speed and operational efficiency, allowing transactions to be executed within seconds. At the same time, a notable segment of investors perceives electronic trading systems as complex, indicating challenges related to digital literacy and platform usability.
The study further reveals mixed perceptions regarding the role of real-time data and digital analytics in investment decision-making. While many respondents believe that technology-based tools support better and faster investment decisions, others associate continuous data flow with confusion, impulsive behavior, or increased risk. Awareness of algorithmic and automated trading exists at a basic level, but detailed understanding remains limited, suggesting a gap between technological advancement and investor knowledge.
Cybersecurity threats, system failures, and technical errors emerge as the most significant risks associated with IT-driven stock market systems. The increasing dependence on digital infrastructure has heightened concerns regarding data security, system reliability, and market stability. Nevertheless, technological advancements have also strengthened regulatory oversight through automated surveillance systems, improved transparency, and faster settlement cycles.
The study concludes that Information Technology has fundamentally reshaped modern stock market practices by enhancing efficiency, transparency, and inclusivity. However, the effective utilization of technology depends on continuous investor education, simplified system design, robust cyber security frameworks, and adaptive regulatory mechanisms. The paper contributes to existing literature by offering an integrated analysis of technological, behavioral, and operational dimensions of modern stock markets, particularly from the perspective of an emerging economy. It provides practical insights for policymakers, stock exchanges, brokerage firms, and investors seeking to balance technological innovation with market stability and investor protection.
Keywords Keywords: Information Technology, Stock Market, Electronic Trading, Online Trading Platforms, Algorithmic Trading, FinTech, Investor Behavior, Market Efficiency
Published In Volume 8, Issue 1, January-February 2026
Published On 2026-02-13
DOI https://doi.org/10.36948/ijfmr.2026.v08i01.68782
View / Download PDF File

Share this



E-ISSN 2582-2160
CrossRef

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 8 Isu 2Cover Page Vol 8 Isu 1Cover Page Vol 7 Isu 6

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About IJFMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9687-828-838 editor@ijfmr.com
Powered by Sky Research Publication and Journals