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NSE charges dealing clerks on integrity

By on December 8, 2015

The Nigerian Stock Exchange has charged 31 newly inducted 31 qualified dealing clerks also charged them to uphold the virtues of integrity, good character and high ethical and professional standards.

In his welcome remarks during the induction, the Chief Executive Officer of the NSE, Mr. Oscar Onyema, explained that the Exchange had clear and enforceable rules, with a zero tolerance policy on all infractions.

“This ceremony is not just a celebration. It marks a call to stand tall on Integrity, to be spotless in character, to be professional in service and to be deep in ethics and values.”

“With the rigorous process leading to your qualification, I make bold to say that you are worthy to be a practicing stockbroker and able to trade on any floor of The NSE,” he said.

According to Onyema, the NSE is committed to building the foundational aspect of the market in terms of transparency, orderliness, fairness, disclosure, and more importantly how it enforces its rules and regulations. “These factors will combine to shore up investors’ confidence in these challenging times,” the NSE boss added.

The NSE and the Central Securities Clearing System Plc, had on December 1, 2015, concluded arrangements to commence post-trade allocation service to operators on the NSE.

The Operations Manager, Market Operations and Technology Division of the NSE, Mr. Ken Nwafor, had said in the overall interest of the market, rules guiding the post-trade allocation service, which is currently on the NSE website, would be made available not only to them, but also to the investing public via the website of CSCS and the print media.

[Punch]