Modupe Gbadeyanka
By Modupe Gbadeyanka
Additional features have been added to the data portal (X-DataPortal) of the Nigerian Stock Exchange (NSE) as part of the efforts to make the user experience better.
The x-data portal of the exchange is a platform for the harvesting of vital information concerning the stock market as well as the players in the space.
A statement issued on Monday by the NSE disclosed that its newly transformed X-Data Portal, accessible via https://dataportal.nse.com.ng, provides a more efficient, user-friendly experience for subscribers.
It was stated that the new features include data products, subscription management, payment gateway integration and a lot more.
The X-Data Portal was first introduced in 2013 and is an online application that serves as a repository for real-time, delayed, end of day, and historical data for all financial instruments listed on the exchange.
It is a consolidated, streamlined platform for market participants to access affordable, quality and timely data.
In addition, the platform provides users with additional features such as the seamless purchase of market data; easy access to customized data; instant notifications; and real-time prices. Existing users of the portal will also be migrated to the new portal and can log in with existing credentials.
The CEO of the NSE, Mr Oscar Onyema, explained that the “upgrade of the X-Data Portal is in line with the desire of the NSE to continue to provide an exchange that is easily accessible leveraging digital technology.”
“The newly enhanced X-Data Portal has, therefore, been equipped with market-focused features that will complement the NSE website and other NSE portals in response to stakeholders’ increased demand for easy access to data.
“Given the importance of market data in investment decisions, we remain resolute in our commitment to provide capital market participants with more channels to access relevant market information required for making investment decisions,” he added.
On his part, the Divisional Head of Trading Business at the NSE, Mr Jude Chiemeka, stated that, “At the NSE, we recognize that data fuels every aspect of the trading process.
“We are, therefore, pleased to introduce the improved X-DataPortal that will serve as a principal source for brokers, fund managers, research analysts, other professionals and non-professional participants like students and investors to get quality real-time and reference data reports for analysis, research and reporting purposes.
“We believe that the customer-centric approach we have adopted will deliver a superior customer experience in engaging with our capital market.”
