Wpływ rozwoju technologii teleinformatycznych na funkcjonowanie warszawskiej Giełdy Papierów Wartościowych
Development of information technologies and its impact on Warsaw Stock Market

Summary/Abstract: Technological progress and constant development of IT solutions have significantly influenced contemporary trading methods, especially trading on stock market. Most of financial instruments are dematerialized and the majority of transnational processes are based on sophisticated computer softwares. As a consequence, trading on capital market has become more intense on one side but on the other side, it gradually eliminates the direct participation of human beings in those processes. Technical specifications of internet connections, computer's performance and types of softwares are factors that mainly determine the procedure of investment and its outcome. Although, the potential beneficiaries of these changes seem to be almost only participants trading on the stock markets, the skeptics raise alarming and often legitimate questions that farreaching elimination of human factor in this market may lead to dangerous and mostly unpredictable adverse effects.

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