The study investigated the impact of information technology on the operation of the Nigerian Capital Market. The study attempt to examine the implications of innovation of information technology on Nigerian Capital Market. Also, the study examined the extent to which the innovation of information technology affect registrars in Nigerian. Hence, the Nigerian Capital Market was chosen as the study area with which to carry out the research work. Inorder to get reliable information from the above institutions, questionnaires were distributed to the Capital Market participants and stockbrokers. Personnel interviews were held with selected traders alike.