Andrzej Cwynar | Wiktor Cwynar | Robert Pater | Piotr Kaźmierkiewicz
pages: 1-13;
JEL classification: G14, G23, G24;
Keywords: financial market professionals, information needs, big data, social media, financial institutions;
Abstract: To meet general objectives of the article, i.e. to check the extent to which the information needs
of financial market institutions are satisfied, and to learn about whether there is a transition in
this realm triggered by the advent of social media and big data, we surveyed a sample of 415
financial market professionals working in Poland. We also used logit regression models, through
which we processed the survey results, to identify which factors are responsible for meeting the
needs. We showed that although the information needs of financial market professionals are met
to a large degree, still some potential for improvement remains in this regard. We found also that
respondent-specific traits are insignificant in explaining the degree of satisfaction with data and
information that is used by financial market professionals. Out of firm-specific characteristic and,
the value of assets under the institution’s management turned out to be the key factors explaining
the distribution of responses concerning satisfaction.