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Nigerian Capital Market and Online Trading Portals Ranking Report 2016

Aug 26, 2016   •   by Proshare Research   •   Source: Proshare   •   eye-icon 149 views

What the future holds with the introduction of an online approach to stock trading in any Capital Market can best be described as promising as evidences from the Nigerian Stock Exchange experiences after the launch of the X-Gen trading engine in Q3 2013 and the subsequent official debut of online trading portals in early 2014 buttress this fact.

At the Nigerian Stock Exchange Market Data Workshop which held in October 2016, the display of new trends and developments in stock trading, driven by modern technology,from various market vendors further reflects and gives an insight to the positive contribution which the upgrade to the X-Gen trading engine has brought to stock trading within the Nigerian capital market space.

Despite the current negative trend which permeates market activities, the switch to online trading has aided a few brokerage firms to drop their brokerage commissions capped at 1.35% by market regulators to about 1% while some even went as low as 0.75% and 0.25% respectively.

With modern technology dictating trading activities, market is only in for swell times while more of such platforms are still expected to come on board considering the number of active brokerage firms registered in the market to those that have launched an online portal.

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