AS part of measures to increase retail investors’ participation in the nation’s stock market to 25 million, the Nigerian Stock Exchange (NSE) has unveiled an online trading application identified as ‘Smart Trade’.
NSE Executive Director, Market Operations and Technology, Mr. Ade Bajomo explained that the initiative would enable investors to buy and sell stocks on the exchange with real-time processing functionality.
Bajomo said: “What drives the market is that everyone participates, operates and nurture his or her investment. The application will provide users real-time market data with availability of various technical indicators to analyse the trend and momentum of the market. At the end of the day, they will make informed decisions based on the latest data.”
Bajomo added: “The platform has a robust security features which is well articulated to ensure that investors trades and accounts are not compromised. It will enable our client make their stockbroking portfolios on mobile devices tablets, laptops and desk top computers.”
In his submission, Managing Director, Investment One Stockbroking International Limited, Mr. Oluwole Awe, commended the NSE for the initiative aimed at motivating investors’ interest in the market.