Information technology systems of the stock market and threats of financial cyber–fraud

Abstract

The subject of the study is the information systems – operators of stock markets and risks of financial cyber–fraud. The aim of the study is to review information and technology systems of the modern stock market and their functional capabilities, as well as to identify the most popular types of electronic financial fraud. Research methods. The work uses the dialectical method of scientific knowledge, the method of analysis and synthesis, the comparative method, the method of data generalization. Results of work. The article considers the key features of modern stock information and communication technologies («Reuters 3000 Xtra», «MetaTrader», «QUIK», «NetTradeX», «TraderStar», etc.). The emphasis is on the need to take into account their modular structure when choosing the appropriate software package to solve specific operational problems in the electronic securities market. The most common types of financial cyber–crime in Ukraine and in the world are described and characterized. Conclusions: Information systems technology of stock market services have a different structure and operational purpose. Between them, some rely on fuzzy sets, the other – on simulation models, and the third – on elements of artificial intelligence. Financial–market threats to stock ICTs include operational–technological, subjective–organizational, regulatory, and instrumental and object– oriented risks. The most widespread types of financial cybercrime are now vishning, andsdropping, skimming, and cryptography of capital from the national economy.

Authors and Affiliations

A. V. KOLODIYCHUK

Keywords

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  • EP ID EP586724
  • DOI 10.5281/zenodo.2678004
  • Views 92
  • Downloads 0

How To Cite

A. V. KOLODIYCHUK (2019). Information technology systems of the stock market and threats of financial cyber–fraud. Формування ринкових відносин в Україні. Збірник наукових праць, 3(3), 19-23. https://europub.co.uk/articles/-A-586724