Abstract
This study aims at evaluating and analyzing the effectiveness of
electronic dealing system in Amman Stock Exchange (A.S.E.), and
identifying its effect on the operating efficiency and the performance
of A.S.E.
Accordingly, the annual rate of changes on dealing movement, dealing
Volume and market value of listed companies stock have been
calculated before and after the conversion electronic dealing system.
The year 2000, in which the electronic system has been installed, was
considered as the base year for the purpose of comparison. The
researcher has also executed a field study directed to a sample of (20)
brokers and (200) investors selected randomly, the results of field
study was analyzed by using SPSS to calculate correlation coefficient
(R) to identify the relation type and its strength between independent
factor and all dependent factors also determinant coefficient (R2) was
computed to determine how much the independent factor can affect
each dependent factor separately at a significance degree of 5.
The study reached to a number of conclusions which clarify that the
effect of the electronic dealing system on A.S.E. has an effect and
positive relation on all dependent variables with varying degrees and
on the A.S.E. performance, market value and dealing volume, as well
as improving its oreating efficiency by improving transparency and
security, reducing cost and increasing accuracy and other factors.
The study ended with some recommendations concentrated on the
need for continuous upgrading of the dealing system and the necessity
of keeping up with all the developments taking place in this regards
also the need of training A.S.E employees to be able to cope up with
such development