NSE Plans Changes to Equities Market Microstructure

February 19, 2018
NSE index falls

By Modupe Gbadeyanka

The management of the Nigerian Stock Exchange (NSE) has announced its intention to effect some changes to the market’s microstructure.

This, it explained, is part of its ongoing efforts to improve service delivery to clients and also improve trade execution to enhance market efficiency.

According to the local bourse, the functionality enhancements will seek to reduce spreads and boost liquidity by enabling further market participation and increasing order matching opportunities through the trading day.

In order to ensure that all dealing members are aware of the coming changes and have hands-on experience on these new functionalities, the NSE plans to hold a training for all dealing members.

The NSE explained that the training will cover all the coming changes for the new market structure and will take place from 10.30am till 1pm daily between February 21, 2018 and March 13, 2018.

In a statement to dealing members, the stock market regulator urged stockbrokers to “send their preferred slots to NSE Contact Center via [email protected].”

Modupe Gbadeyanka

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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