The Impact of Financial Technology on the Performance of Financial Markets

Abstract

This study aims to measure the impact of the application of financial technology represented by the electronic trading system on improving the performance of financial markets. In order to answer the problem of the study, the X-stream INET electronic trading system was chosen to measure the impact of its application on the performance of the Saudi Stock Market (Tadawul) during the period from 2012 to 2022.

The study sample consists of annual data in relation to the analytical study and monthly data in relation to the standard study, where the Wilcoxon statistical test was used to measure the impact of the X-stream INET electronic trading system on the performance of the Saudi capital market during the period from 2012 to 2019.

The study concluded that the application of the X-stream INET electronic trading system has contributed to improving the performance indicators of the Saudi capital market during the period from 2016 to 2022, compared to the period from 2012 to 2015.