As a journalist, I can report that the world’s trading system is in dire need of modernization. The current system relies heavily on paper-based documentation, which is not only inefficient but also prone to errors and fraud. The use of paper-based documentation in the trading system has been a longstanding issue, and it’s time for a change.

The world’s trading system needs to ditch its paper trail and embrace digitalization. The use of digital documentation would not only streamline the trading process but also reduce the risk of errors and fraud. Digital documentation would also make it easier to track and monitor transactions, which would enhance transparency and accountability in the trading system.

The benefits of digitalization are clear, but the transition from paper-based documentation to digital documentation will not be easy. It will require significant investment in technology and infrastructure, as well as changes in the way trading is conducted. However, the long-term benefits of digitalization far outweigh the short-term costs.

As a journalist, I believe it’s important to hold those in power accountable and to report on issues that affect people’s lives. The transition to digital documentation in the trading system is an important issue that deserves attention and action. It’s time for the world’s trading system to ditch its paper trail and embrace the future.