Abstract

Establishing an electronic stock exchange market can be a perfect example of new technologies and IT utilization in the stock market in Iran and thus it can pave the way and provide the opportunity for all walks of life to invest in the stock exchange market. The essential infrastructures’ preparation assessment for opening the electronic stock exchange in Iran helps us identify the essential infrastructures’ present status, specify the probable problems and challenges and prepare the grounds for its establishment. In this study at first, some information about electronic stock exchange marketing is presented, and then the preparation for the most important infrastructures is evaluated and finally the preparation ranking of each of these infrastructures’ components is discussed. The questionnaire of the research is of self administered questionnaire type with a reliability of 0.89 and a formal validity which was validated by professors and experts. In order to evaluate each of the hypothesis, the one-sample t-test and for ranking the components, the Friedman test was used and it was revealed that the financial and banking (electronic banking), technical and security infrastructures were potential for setting up an electronic stock exchange market. In contrast, the telecommunication and connectivity, cultural, legal and civil infrastructures did not have such a potential. After all, the conclusion was drawn that the essential infrastructures are not present for setting up an electronic stock exchange market in Iran.

Key words: Electronic stock exchange, stock exchange, infrastructure, information technology.