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NSE leads Capital Market operators to Global Trading Community Conference

By on November 18, 2013

In line with the Nigerian bourse’s objective to improve the experience of doing business within the Capital Market, the Nigerian Stock Exchange (NSE) as an active member of the Financial Information Exchange (FIX) Protocol Trading Community led eight Stockbroking firms to the 2013 Africa Trading Conference in the second week of November 2013, in Cape Town, South Africa.

Speaking on the initiative, the Executive Director Market Operations and Technology of the Exchange, Ade Bajomo, said as part of efforts to reinforce its commitment to service excellence through automation and the provision of a first rate Capital Market experience for market participants, the NSE partnered with Calm Global IT, CardinalStone Securities, Chapel Hill Denham, Greenwich Trust, Meristem Securities, Partnership Investment Company, Valueline Securities and WSTC Securities Limited, to co-sponsor this event.

According to Bajomo, “The NSE seeks to transform its electronic trading environment through the use of innovative trading technologies. With the launch of our new trading platform, the XGEN and market data initiative, the adoption of the FIX Protocol has become necessary to position the Nigerian bourse favourably within the financial global village.”

Bajomo highlighted that FIX was an essential tool that would facilitate the growth of online trading for retail investors using their smartphones and any other computing device to trade transparently and easily from anywhere and anytime, thereby improving their experience of doing business in the Nigerian Capital Market and supporting the financial sector’s social inclusiveness programme for the capital market.

This global event, which is being hosted by the FIX Trading Community for the second time in South Africa, has provided an opportunity for market participants within the African Trading community to reposition their strategy by coming together to discuss the issues, challenges and opportunities likely to impact their businesses in the coming year.

The representatives of the Exchange at the event were Adeolu Bajomo, Executive Director – Market Operations & Technology, as a panellist to discuss the ‘Challenges Facing the Market: A Pan-African View’; Ade Ewuosho, Project Director – New Trading Platform, presenting a case study on ‘The Adoption of FIX in Nigeria: A Game Changer for Africa’s Largest Retail Capital Market’ and Olumide Lala – Head of Transformation & Change, and an Executive Board Member of the EMEA FIX Trading Community.

The FIX trading community is a non-profit industry standards organisation for global electronic trading and is dedicated to the development of standards that address the real business and regulatory issues impacting multi-asset trading in markets globally.

 

 

[Telegraph Nigeria]