The Updated Financial Development And Structure Database Research Paper

The Updated Financial Development And Structure Database - Research Paper ExampleThe diversity of the technical platform resulted in back and forth arguments that put the securities industryplace into uncertainty (Fletcher, 2011). 11In the month of October 2009, LSE indicated that they were planning to acquire a opposite trading platform called Turquoise Trading. The targeted trading facility enjoyed a stronger technical system, which was already renowned in the financial marketplace (Fletcher, 2011). Turquoise trading was operated on a stronger technological platform than the LSE. In the same period, LSE faced a technical challenge in the data management system, which led to a wholeness-hour outage (Collett, 2004). Although one hour is such a short period, for investors in the financial markets it means lifetime. LSE also faced another challenge when a server software give out stopped trading activities in the same year. 11The celebration that orbiculateization and technologic al advancement substantiate expanded the financial markets has received criticism because they beget also presented the diverse crisis to the industry (Esqueda, Assef, and Mollick, 2012). Critics argue that much as they have enhanced efficiency, liquidity, and integrity they have been responsible for some unexplained disruptions in the marketplace. First, advancements in technology and globalization may lead to corruption of information through loss or theft. Secondly, whether intentional or intentional, the failure of technical frameworks and unchecked global interactions in the financial markets can present major setbacks. Given the evidence provided, it is clear that advancement in technology and subsequent globalization may have detrimental effects on the financial markets. 12A strong financial environment promotes economic growth in any state. The financial market also plays a critical role in the economic environment since it enables major firms to obtain funds for facilitat ing investments.