The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar N. Onyema has reiterated the need for a more inclusive collaboration among capital market players.
He made this call at the 4th edition of its Market Data Workshop in Lagos which brought together about 500 attendees, and 16 speakers and panel discussants, for robust discussions on the theme, “Partnerships, Products, and the Customer’’.
In his opening remarks, Onyema stated that “this year’s theme shines the spotlight on the need for a more inclusive collaboration among capital market players. To analyze the information in market data and to inform the debate on the challenges of extracting this information from raw data to deliver a data product that is easily consumed to make informed investment decisions, calls for concerted cooperation by all parties in our ecosystem.
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He highlighted the increasing importance of leveraging market data in boosting retail investor participation in the Nigerian capital markets. He also noted that The Exchange had evolved its product strategy to focus on catering to the needs of the end-user, stating that “we believe in customer centricity and we will continue to foster partnerships with local stakeholders across the market, incorporating new technologies and expertise to drive market data by-products like derivatives and other structured products such as the Exchange Traded Funds”.
Speaking on the importance of the workshop in developing the Nigerian capital market, Mr. Jude Chiemeka, Divisional Head, Trading Business stated that
“The Nigerian Stock Exchange instituted the NSE Market Data Workshop to inspire market participants and the wider ecosystem to become more innovative in the use of market data as they strive to leapfrog performance through the use of the array market data solutions offered by NSE,” he said.
