Nigerian Exchange Limited (NGX) and NG Clearing Limited on Thursday February 29, 2024, made it possible for much deeper comprehending of the Single Stock Futures item in the Exchange Traded Derivatives market with a virtual workshop.
Read likewise:NGX states placed to expand retail financiers involvement in capital market
Jude Chiemeka, acting CEO Nigerian Exchange Limited Derivatives while providing his welcome remarks kept in mind that derivatives play an important function in international danger management, with over 90 percent of leading business utilizing them. “The derivatives market continues to proliferate, reaching $39.17 billion by 2027.
“In Nigeria, the NGX Derivatives Market is placed to drive development and diversity in the monetary sector, using a transparent platform lined up with global requirements. Today’s webinar, themed ‘Understanding the Trading of Single Stock Futures’, works as a beacon of knowledge, brightening the paths to unlocking worth in this vibrant property class.”
Speaking on the Central Counterparty’s function in handling the trading facilities, Farooq Oreagba, CEO NG Clearing stressed the value of research study and analysis to financiers before starting trading futures. “Just as there is utilize on the advantage, there is take advantage of on the disadvantage.
“As relates to market oversight and openness, our operations department at NGCL is at alert and sees all market positions before market opening to guarantee operators do not surpass their limitations.”
Oluwole Adeosun, president of the Chartered Institute of Stockbrokers specified, “This is an amazing duration for our market. As financiers and gamers we must recognize with the guidelines and guidelines protecting the marketplace and likewise upgrade our understanding on the derivatives market.
“CIS has more than the years supplied intellectual management in the conduct and practice of financing, securities and financial investment in Nigeria. The Institute is prepared more than ever before to play this function of assisting capability structure for this market and the brand-new item, Single Stock Futures.”
Seinde Adenagbe, 1st Vice Chairman, Association of Securities Dealing Houses, representing the Chairman, Sam Onukwue kept in mind that it is critical for securities dealerships to preserve trust to make sure the self-confidence of financiers in the market. “Derivatives are an agreement that purchasers and sellers need to fulfill their commitments. This adds to market stability. Presenting more items like single stock futures is necessary to the depth of the marketplace as we require to produce another swimming pool of financial investment for our financiers.”