IDEAS home Printed from https://ideas.repec.org/a/bjc/journl/v11y2024i3p774-797.html
   My bibliography  Save this article

Examining the Moderating Role of the Automated Trading System on the Financial Performance of the Ghana Stock Exchange

Author

Listed:
  • Edward Domina Attafuah, (PhD)

    (Accountant, University Health Service, University for Development Studies)

  • Mr Godfred Amoako

    (Senior Audit Supervisor, Japan Motors Trading Company and Associates)

  • Lord Emmanuel Yamoah, PhD

    (Lecturer, Takoradi Technical University, Procurement and Supply Chain Department)

  • Mr Eric Akuamoah Boateng

    (Fair Wages and Salaries, Commission (Public Affairs Unit))

Abstract

The study investigates the role of the automated trading system on stock market capitalization, liquidity, efficiency, returns and volatility on the Ghana stock exchange. The project solely focus on secondary data from the internet databases of the Ghana Stock Exchange (GSE), and Bank of Ghana (BOG). The data is evaluated using a multivariate regression approach and includes monthly time series data from 2000 to 2020 as well as the volume of stock traded before and after the exchange is automated. The study finds that market performance has an impact on the automated trading system, and it also finds that the amount of stock traded is positively impacted by the automated trading system, exchange rates, and interest rates. Once more, the study draws the conclusion which asserts the economic indicator variable of the nation are marked via erratic and significant fluctuations in conversion rates. According to the report, the exchange’s transaction guidelines need to alter in order to provide shareholders the knowledge and confidence to make trading decisions on their own, without the assistance of a licensed stockbroker.

Suggested Citation

  • Edward Domina Attafuah, (PhD) & Mr Godfred Amoako & Lord Emmanuel Yamoah, PhD & Mr Eric Akuamoah Boateng, 2024. "Examining the Moderating Role of the Automated Trading System on the Financial Performance of the Ghana Stock Exchange," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(3), pages 774-797, March.
    • Handle: RePEc:bjc:journl:v:11:y:2024:i:3:p:774-797
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijrsi/digital-library/volume-11-issue-3/774-797.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijrsi/articles/examining-the-moderating-role-of-the-automated-trading-system-on-the-financial-performance-of-the-ghana-stock-exchange/
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bjc:journl:v:11:y:2024:i:3:p:774-797. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Renu Malsaria (email available below). General contact details of provider: https://www.rsisinternational.org/journals/ijrsi/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.