By Chinyere Joel-Nwokeoma
The Nigerian Stock Exchange (NSE) has concluded arrangements to host an inaugural Market Data Workshop in partnership with the Independent Software Vendors (ISVs) and Market Data Vendors (MDVs).
The NSE’s Head, Corporate Communications, Mr Olumide Orojimi, said this in a statement made available to the News Agency of Nigeria (NAN) in Lagos.
It said that the major aim of the workshop was to increase awareness on the critical role of market data in making sound investment decisions on both the buy and sell sides.
It said that the theme of the workshop “Understanding Market Data for Savvy Investing and Wealth Creation’’, coincided with the
third anniversary of NSE’s X-GEN, a next generation trading platform.
The statement said that the X-GEN had contributed to increasing market access, order flow and market transparency.
The Chief Executive Officer of NSE, Mr Oscar Onyema, was quoted by the statement as saying that the delivery of market data to users was highly time-sensitive and requires specialised technologies designed to handle collection process.
“At the NSE, this effort is underpinned by our ‘next generation’ trading engine, X-Gen, which was built in collaboration with NASDAQ in 2013.
“X-Gen is not only built to trade a wide range of securities, it is this system that we rely on daily to deliver approximately 2.5GB worth of data to our various domestic and global market data consumers”, Onyema said.
Mr Ade Bajomo, NSE Executive Director, Market Operations and Technology, was also quoted by the statement as saying that the conference would bring to fore the critical application of market data in making sound investment decisions.
Bajomo said that the workshop would highlight the various data products available in the Nigerian marketplace, thereby allowing investors to maximise their wealth creation opportunities.
Some of the speakers for the event include: Dr Yemi Kale – Statistician-General of the National Bureau of Statistics of Nigeria; Mr Uwa Agbonile, Managing Director, Infoware Ltd.
Others are: Mr Obiora Anyichie, Global Trybe Solutions; Mr Natasha Punwani – Business Manager, Bloomberg; and MrsKemi Oluwashina – Director, ARM Securities.
Some of the expected speakers at the event scheduled for Oct. 18 are
Dr. Yemi Kale, Statistician General of the National Bureau of Statistics of Nigeria, Mr Uwa Agbonile, Inforware Ltd. Managing Director and Mr Obiora Anyichie of Global Trybe Solutions, among others.