Role of information technology in investment services industry

INTRODUCTION Innovative use of technology is essential for the investment services industry. Technology advances improve efficiency and effectiveness in front and back-office operations while reducing costs. In this paper I will begin by showing how technology has impacted the securities markets. Then I will show how technology has impacted all aspects of the investment process from order management to trade execution, settlement instruction communication and pre-settlement matching. SECURITIES MARKETS History Until the early 1960's, the …showed first 75 words of 1971 total…

…showed last 75 words of 1971 total…costs, errors and operational risk, as well as improving quality issues such as better and cleaner transactions and fewer trade breaks. CONLUSION Innovative use of technology is essential for the investment services industry. Technology advances improve efficiency and effectiveness in front and back-office operations while reducing costs. In this paper I will show how technology has impacted all aspects of the investment process from order management to trade execution, settlement instruction communication and pre-settlement matching.