Stockbroking firm and member of Stanbic IBTC Holdings Plc, Stanbic IBTC Stockbrokers Limited, has opined that there is a need to further expansion of the Nigerian capital market with a view to providing investors with real-time trading information.
According to the firm, this informed the launch of its online stockbroking service on the Nigerian Stock Exchange with real-time processing capacity.
The Stanbic IBTC electronic trade provides investors with real-time market information as well as enables them to give real-time mandates to buy or sell shares on the NSE.
Among its uptakes, the platform would help the market regain the confidence of investors by availing them of insight required to act prudently on new investment opportunities in the marketplace via a secure and robust technologically-driven platform, the stockbroking firm explained.
The Chief Executive, Stanbic IBTC Holdings Plc, Sola David-Borha, was quoted in a statement as saying that the group remained committed to deepen the Nigerian capital market by making available to the investing public information, initiatives and strategies that could help them have superior information about developments in both the local and global markets.
“In introducing the new platform, the overarching goal is to identify both opportunities and threats in the global marketplace, which are made available to investors in real-time to enable them to respond as quickly as possible. Our focus is on attracting investment to the Nigerian economy. The Stanbic IBTC e-Trade platform is targeted at all retail investors,” David-Borha said.
Enumerating the benefits of the platform, the Chief Executive, Stanbic IBTC Stockbrokers Limited, Titi Ogungbesan, stated that with reliable and timely data, decision making would be faster and added that this would enable investors to structure their activities for efficiency.
Ogungbesan, who said there was no better time to invest in the Nigerian capital market than now when prices of equities were low and attractive, noted that trading on Stanbic IBTC e-Trade was limited to only the NSE for now.
