By Modupe Gbadeyanka
The trading of local and international stocks from the comfort of users’ homes has got better with the introduction of a mobile stock trading platform by ARM Holding Company.
The company recently announced the sale of its stake in its highly successful insurance business, ARM Life Insurance, to Tangerine Life.
After its divestment, the company has introduced ARM Stocktrade as part of its overall plan to expand its service offerings.
ARM Stocktrade that provides access to domestic and international equity trading on the Nigerian Stock Exchange (NSE), New York Stock Exchange (NYSE) and Nasdaq.
A statement signed by the CEO of ARM Holding Company Limited, Ms Jumoke Ogundare, explained the company also introduced the ARM Fixed Income Fund and ARM Eurobond Fund which are Naira and US Dollar denominated mutual funds respectively.
She said the funds broaden the firm’s investment opportunities to clients with low to medium risk appetite, assuring its customers quality service delivery and efficient feedback mechanism.
“We continue to embrace innovation through our accelerator programme, Labs by ARM, an initiative designed to collaborate with, and assist, FinTech startups to grow their companies exponentially and to create a platform for us to innovate fast and efficiently.
“With the unprecedented challenge the world is facing as a result of the Coronavirus (COVID-19) pandemic, we assure you that we are taking necessary measures to ensure your safety on our premises.
“Where you are unable to visit our offices, you can manage your investments online via Stokctrade. The wellbeing of our clients and teams is our utmost priority,” she said.
Adedapo Adesanya