The Nigerian Stock Exchange, on Wednesday, September 11, 2019, held the 4th edition of its Market Data Workshop in Lagos. The workshop brought together about 500 attendees, and 16 speakers and panel discussants, for robust discussions on the theme, “Partnerships, Products and the Customer’’.
In his opening remarks, the Chief Executive Officer, NSE, Mr Oscar N. Onyema, OON, stated that “this year’s theme shines the spotlight on the need for a more inclusive collaboration among capital market players. To analyze the information in market data and to inform the debate on the challenges of extracting this information from raw data to deliver a data product that is easily consumed to make informed investment decisions, calls for concerted cooperation by all parties in our ecosystem.
He highlighted the increasing importance of leveraging market data in boosting retail investor participation in the Nigerian capital markets. He also noted that The Exchange had evolved its product strategy to focus on catering to the needs of the end-user, stating that “we believe in customer centricity and we will continue to foster partnerships with local stakeholders across the market, incorporating new technologies and expertise to drive market data by-products like derivatives and other structured products such as the Exchange Traded Funds”.
The audience was also feted to panel discussions and presentations by leading industry experts on topics ranging from leveraging market data in financial modelling to the increasing importance of market data in shaping investment decision making.
Speaking on the importance of the workshop in developing the Nigerian capital market, Mr Jude Chiemeka, Divisional Head, Trading Business stated that “The Nigerian Stock Exchange instituted the NSE Market Data Workshop to inspire market participants and the wider ecosystem to become more innovative in the use of market data as they strive to leapfrog performance through the use of the array market data solutions offered by NSE”.
In line with its new strategy of customer-centricity and leveraging on digitization and fourth industrial revolution technologies, The Exchange showcased the beta version of X-Mobile, its mobile application. The Head of Strategy and Research at the NSE, Mr Okon P. Onuntuei, who demonstrated the application to the audience at the workshop highlighted the importance of the application in driving investor participation. “This app is one of many ways of reaching our ambitious goal to enlighten 25 million retail investors in Nigeria and diaspora. We believe this platform will become the primary interface for Nigerians to stay abreast of global market trends and domestic economic performance, as well as provide continuous insights to opportunities for portfolio rebalancing”.
The 2018 NSE Market Data Workshop was sponsored by Infoware Solutions, Hewlett Packard Enterprise, C&I Leasing Plc., Zenith Bank Plc., Programs Solutions, CSCS Plc., Zanibal Solutions, DBH Solutions and Ineh Mic Autos.