IMPACT OF INFORMATION AND COMMUNICATION ON OPERATION OF NIGERIAN STOCK EXCHANGE

INTRODUCTION The effect of information and communication technology (ICT) on the operation of stock markets has been a subject of debate in recent times. A school of thought led by authors like Shiller (1989),Summers (1988), Porteba and Summers (1988) would argue that stock markets have become excessively volatile since the adoption of computer assisted trading strategies as the latter increase short-term price volatility and risks. They also argue that very few investors have access to online trading systems. Few actually own computers and have easy access to the Central Securities Clearing System. Many investor, they claimed, do not have access to a system that sends orders to stockbrokers for automated execution. They also contend that ICT driven stock market operations are fraught with fraud and manipulation, which mostly affect individual investors. A case in point relates to the sale of shares without authorization of the stockholders, a practice that is given impetus by greed and dishonesty of some market participants.

CHAPTER ONE INTRODUCTION 1.1Background of the Study 1.2Statement of Problem 1.3Research Question 1.4Objectives of the Study 1.5Statement of Hypothesis 1.6Scope of the Study 1.7Significance of the Study
CHAPTER TWO LITERATURE REVIEW 2.1Introduction  2.2 Conceptual Framework 2.2.1Meaning of Stock Exchange 2.2.2The Operating Environment of the Nigerian Stock Exchange 2.3Empirical Literature Review on the effect of ICT on Stock Market 2.3.1Impact of ICT on the Operational Performance of Nigeria Stock Exchange 2.4The Theoretical Framework 2.4.1Theories of Innovation and Diffusion of Technologies
CHAPTER THREE RESEARCH METHODOLOGY 3.1 Introduction 3.3Population Sample Size of the Study 3.4 Source of Data Collection 3.5 Method of Data Collection 3.6 Method of Data Presentation and Analysis
CHAPTER FOUR DATA PRESENTATION AND ANALYSIS 4.1Introduction 4.2Analysis Of Respondent’s Demographic Variables  4.3Data Analysis 4.4Summary of Findings 4.5Discussing of Finding 
CHAPTER FIVE SUMMARY, CONCLUSION AND RECOMMENDATION 5.1Summary 5.2Conclusion 5.3Recommendations  5.3Limitations of the Study BIBLIOGRAPHY APPENDIX I APPENDIX II