The Nigerian Stock Exchange (NSE) hosted the 2nd edition of the NSE Market Data Workshop, themed “Market Data: The Bedrock of Wealth Creation”, on Wednesday, October 4, 2017 at the Civic Centre, Lagos. The workshop which was designed to stress the importance of market data in making sound investment decisions is consistent with the NSE’s commitment to enhance financial inclusion and facilitate the creation of durable wealth for investors.
This year’s workshop, brought together more than 400 in-person attendees, and 21 speakers and panel discussants, for rich discussions in topics ranging from leveraging market data to drive high end returns, to extending market horizon through FinTech. In addition, about 401,425 people joined the workshop on Twitter via the hashtag, #NSEMDW2017 which was one of the trending topics in Nigeria with over 3.4million impressions.
In his opening remarks, the Chief Executive Officer (CEO), NSE, Oscar N. Onyema, noted that the NSE Market Data workshop is designed to provide participants with more insights into the importance of Market Data in making robust and informed investment decisions. “Market Data, the by-product of activities on the platform of the Exchange, remains a key ingredient for investment endeavours. We are leveraging this workshop to intimate investors of our new data products that will complement our existing list of non-display products, which cut across real time, reference and thematic datasets”.
Market events of yesterday are written in Market Data, just as a book is written for its readers. So, if it is true that readers are leaders, then it is safe to conjecture that the investors who read Market Data would eventually lead the market, that is, emerge profitable” Onyema added.
The keynote speaker, Bismark Rewane, CEO, Financial Derivatives, noted that market data is vital to real-time trading and described Nigeria as an economy evolving into a perfect market. In his opinion, the crash and the loss of value, live and assets were driven by people making decisions on fictitious data. “Wonder banks, MMM and other investment schemes have all been possible due to lack of frequency of data”.
Delivering his presentation titled “The Market Game Changers: Market Data, Mobile Trading, Algo Trading, Machine Learning”, the Executive Director, Market Operations and Technology, NSE Ade Bajomo, stated that “ timely access to market intelligence and swift trade execution remains key to wealth creation”.
Some of the other speakers included Euvin Naidoo, Head of Financial Institutions for Africa, Thomson Reuters, who made a presentation on “Extending Market Horizon through FinTech” and Mrs. Omoleye Alake, Team Lead, Market Data, NSE who spoke on “Understanding Market Data Contracts”.
The workshop also featured three panel sessions on “Leveraging Market Data to drive high-end returns”, “How Exchanges across Africa can come together for a viable market data business” and “The role of media in Market Data”.
The 2017 NSE Market Data Workshop was organized in collaboration with Thomson Reuters and sponsored by Sankore Investments, Elev8Media, ARM Securities, Infoware, Zanibal, Global Trybe Solutions, Unilever, Stenturion and Ntel.