Journalism in the service of society

‘Stock market: Exchange-traded derivatives set for launch’

INVESTORS in the global capital markets can expect the launch of West Africa’s first exchange traded derivatives on the Nigerian Stock Exchange (NSE) as soon as possible, following the registration of Nigeria Clearing by the Securities and Exchange Commission (SEC) as a premier central counter-party clearing house.

According to a statement by the NSE, the approval-in-principle will allow it launch ETDS supported by NG Clearing in the risk management process.

Also, the platform, set up by key players in the Nigerian financial industry including the NSE, central securities clearing system and top-tiered banks, will now allow NG Clearing
play a key role in the financial market ecosystem by driving the safety and stability of Africa’s global marketplace through efficient and timely settlement of derivative trades.

Capital market players, according to the statement, could expect NG Clearing to align with the highest standards of global best practices in delivering clearing and settlement services in order to improve the safety of the Nigerian financial market by delivering best-in-class post-trade services that manage counterparty credit risk and reduce systemic risk.

  1. … [Trackback]

    […] Find More here on that Topic: […]

  2. pau max duro

    … [Trackback]

    […] There you will find 98416 additional Information to that Topic: […]

  3. … [Trackback]

    […] Find More Information here to that Topic: […]

  4. cvv shop 2021

    … [Trackback]

    […] There you will find 80088 more Information on that Topic: […]

  5. joja87

    … [Trackback]

    […] Information on that Topic: […]

  6. relx

    … [Trackback]

    […] Find More on on that Topic: […]

  7. good dumps pin

    … [Trackback]

    […] Find More Info here to that Topic: […]

Comments are closed.

Naija Times