Technological Advancements in Nigerian Stocks Trading
Around the years, information technology has been just one of the swiftest growing issue in Nigeria. It has affected every sector of the Nigerian economic system. Easier communication, protection, on the net training, and so forth. The monetary sector has similarly not been left out. Only banks now perform on the net and true time banking. This terrific innovation similarly spread to the Nigerian stock market. The Central Securities Clearing Method Constrained, the depository of the Nigerian funds market similarly embraced this great development. In early days of 2005, they launched a digital storage process where by all the transactions becoming carried out in the investing flooring of the Nigerian stock trade are stored. This enormously affected the system of stock investing in Nigeria positively. The introduction of information technology has built it a lot easier to sell stocks, obtain stocks, track stocks, and most specially minimize fraud. When an investor receives registered with the stock inform system, he receives a better management of his equities. No aspect of his fairness can be bought without having his expertise. Because he will be alerted through a textual content information whenever this transpires, earning him know if it was licensed, no matter if in aspect or in whole. The central securities clearing devices Nigeria introduced its digital info storage and retrieval depository which kicked off with the signing of arrangement on the undertaking by their reps and those of IBM, CISCO Method, Sunnet Method and Datacom Solutions Ltd, Electric power Method Ltd and Sitech Nigeria Ltd on January 19, 2005.
The answer revolves close to Content material Management and Info Warehousing Solution termed Enterprise Content material Management Solution. The Technology is becoming deployed to seize, store, lookup and supply both equally structured and unstructured info.
The process has put CSCS Ltd at the reducing edge of fashionable technology in its little bit to expand and modernize its clearing, settlement, custody provider and other Central Depository operate earning it a environment class heart through its a number of communication channels while providing supplemental solutions which incorporate the next:
Archiving and Retrieval of digital info heart for company firm and give reputable storage for Nationwide Info.
Efficient disaster restoration offsite info heart for companies this kind of as oil and gasoline firms, authorities, banks conglomerates that operate Mission-Essential Applications. It will be intended to accommodate smaller and substantial company bodies.
Nationwide Depository and Custody Solutions for several Info Media which cuts throughout authorities, public, company, personal and persons.
A further encouraging technological innovation is the Automatic Trading Method.
Automation of The Trading Method (ATS)
Automatic Trading Method (ATS) is digital investing in shares through computers by stockbrokers on the investing floor of The NSE.
The ATS is tightly coupled with the CSCS Computer process and would make over-investing in stocks unattainable.
The ATS is quicker, boost transparency and removes human moderation of trades and therefore would make correct selling price discovery attainable.
Stockbroking firms now migrate to their places of work and trade through distant management.
With the Trade Promise Fund (TGF) and the Automatic Trading Method (ATS) tightly coupled with CSCS computer, there is no additional cancellation of trades.
Thus, the maxim “my term is my bond” in the market is not only obvious but true.
With this great depository technology in put additional to the automated investing devices presently in existence, all an investor demands is a clearing dwelling selection (CHN), and he receives to be aspect of this 21st century way of investing stocks.
Nigerian Stocks, Nigerian Stock Information, Investing in Nigeria