Thursday, August 30, 2018 /03:32 PM / ProshareResearch                                

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Executive Summary

Sequelto the advent of online trading system and the official launch of the firstonline trading portal in the Nigerian Capital Market, more operators continueto embrace the innovation even though there is still room for improvementconsidering the fact that the ratio of firms with online portals to activeoperators remain at a very low rate.

Thegradual and continuous adoption of online trading as a global best practice isa new normal that reflects the adoption of financial technology in finance byfinancial services providers and operators. This is a welcome development andhas continued to aid the financial inclusion campaign, as it further reflectsin the gradual drop in minimum accounting opening balance/amount andcommission/fee charged by some of these operators.

Ourmaiden report in H1 2016 and the H2 2016 online trading ranking reports focused on Capital Market Operators(CMOs) which have their portals linked to the X-Gen - the Nigerian StockExchange (NSE) Trading engine for real time executions, while the 2017 edition went a step further as it focused on all CMOs as well as firmswith FX Trading platforms.

Thecurrent edition (2018) is an improvement over the 2017 ranking report, as itfocused and covered all the five (5) major market segments of Proshare MARKETS which are basically (1) Equities – Listed and Unlisted (2) Fixed Income(3) Forex (4) Commodities and (5) Mutual Funds.

Thesefive segments identified above cut across the Exchanges’ identified in theRegulatory Technology section of this report and as well apt enough to capturetheir various products and traded securities within the Nigerian financialmarket which is the focus of this year’s survey and Proshare MARKETS inparticular.

Goingforward, we expect more CMOs, commodities traders, and FX trading platforms toembrace an online trading system to deepen fintech and financial inclusion.This is the future as it is expected to bring about efficiency and presentbetter and customer targeted products and services.

Dofeel free to share your opinions/observations and feedbacks with us vide [email protected].Thank you.

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