X-GEN Celebrates Successful One Year Anniversary

The Nigerian Stock Exchange (NSE) on September 30, 2013 launched X-Gen, the next generation trading platform and catalyst for boosting trading in Africa.

The delivery of the new age technology serves as a testimony that the NSE is devoted to providing 21st century technologies to support the growth of the Nigerian Capital Market.

After a successful year of operations, X-GEN has demonstrated its innovative trading capabilities and the Nigerian capital market has benefited immensely. “It Remains the Game Changer.

This platform has enabled the Exchange to create an improved trading experience”, said Executive Director, Market Operations and Technology, NSE, Mr. Ade Bajomo.

“With the launch of X-Gen, we have achieved so much in one year; improved market order flow, increase in the number of trades, high availability, direct market access, remote trading, and income diversification.

“We are mostly excited that X-Gen has also brought about the advent of mobile trading technologies to the retail and institutional segments of the Nigerian capital market”, Bajomo added.

The X-GEN platform has the capacity to allow investors to have real time access to the market as well as their portfolios, via the web and mobile phones (including smartphones and tablets running IOS and Android operating systems). This gives investors the ability to execute market orders in near real time conditions anywhere in the world. Riding on the new platform, many dealing member firms of the NSE have tapped on the benefits of to introduce on-line trading platforms to deepen their businesses.

The President, Association of Stockbroking Houses of Nigeria (ASHON), Mr. Emeka Madubuike remarked that “The X-GEN system is very robust, it has friendly market features that make the trading experience simple and easy. Mr. Madubuike believes, that through the new trading platform, market transparency has increased. “We have become more efficient and we value the great offerings that the platform has to offer”, he said. The launch of X-Gen showcases NSE’s untiring commitment to providing first rate platforms that will enable all stakeholders create durable wealth. Nigeria has now become a global player with innovative and market leading tools to compete not just in Africa but on a global basis.