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Nigerian Stock Exchange Introduces Derived Data Policy

By Modupe Gbadeyanka

The management of Nigerian Stock Exchange (NSE) has announced the introduction a Derived Data Policy.

In a statement signed by the exchange’s Acting Head of Trading Business Division, Mr Ade Ewuosho, it was explained that this was part of “our ongoing efforts to align with market data global best practices.”

However, Mr Ewuosho disclosed in the statement issued last Thursday that the new policy will not take effect until Monday, July 2, 2018.

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He said as a result, all End User clients will be contacted by their respective Data Vendors to ensure compliance to the revised policies as set out in the NSE Market Data Policy document.

End User clients have been urged to review “The Global Market Data Agreement for Redistributors, The End User Agreement, The Market Data Policy Document, The Market Data Pricelist and The License.

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The NSE warned that “End User clients who do not comply by executing the relevant Agreement and paying the relevant fees to the Exchange within 60 days from the effective date above, will no longer be permitted to receive NSE Market Data.”

“We would like to appreciate your full cooperation and reassure you of our commitment to promoting fair and transparent guidelines across the board.

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“If you have any questions or queries, please do not hesitate to send an e-mail to contactcentre@nse.com.ng or call the Market Services enquiry desk on +234 1 4485857.”

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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