NSE inducts Qualified Stockbrokers

The Nigerian Stock Exchange (NSE), yesterday inducted new qualified stockbrokers and dealing clerks to welcome future participants and leaders of the Nation’s capital market.

The event represents the unleashing of a force of qualified stockbrokers in Nigeria –qualified as chartered stock brokers by the Chartered Institute of Stockbrokers (CIS) and as dealing clerks by The NSE that are to be worthy ambassadors and practising stockbrokers on any trading floor or system of the bourse.

Speaking at the induction, the Chief Executive Officer of the NSE, Mr. Oscar Onyema disclosed that The NSE would continue to evolve to achieve the highest level of competitiveness, operating fair, orderly and transparent markets that bring together the best of African enterprises, as well as local and global investor communities.

Mr. Onyema said, “It is already in the news that we signed on multinational financial services powerhouse, NASDAQ OMX to provide our new Trading Platform, X-Gen which will enable The Nigerian Stock Exchange to have a more accessible and perhaps the fastest trading engine in Africa.

“For all recently qualified stockbrokers, it goes without saying that the investing community will know and judge the Nigerian Capital Market through your example in character and service; the manner in which you engage, interface and service your clients will go a long way in shaping the perception of our market.

“As you all go into a new stage in your careers, there is one important point you must all remember "You are all ambassadors of this great institution - I hope you will not let us down, but rather become embodiments of committed service.

“We expect that you will uphold the tenets of peaceful, innovative and harmonious working relationship and we will count on your support to help in achieving the highest level of competitiveness in delivering service excellence and a first rate capital market experience. Of the 81 candidates who passed the CIS examination and went through the 15 days of practical ATS training at the Exchange, only 55% passed the oral examination at the Exchange,” He added.