ABUJA (Sundiata Post) – The Nigerian Stock Exchange (NSE) has challenged recently qualified stockbrokers or dealing clerks to maintain internal values of professionalism, integrity, transparency and reliability.
Speaking at the induction ceremony in Lagos, the chief executive officer of NSE, Mr. Oscar Onyema said out of 50 candidates who wrote the Chartered Institute of Stockbrokers (CIS) examination and went through the mandatory practical Automated Trading System (ATS) training at the Exchange, 39 candidates passed the oral examination.
He explained that the capital market will only be as good as the people working in it, saying “You are here today after undergoing a rigorous screening process which is essentially aimed at ensuring only the best hands operate in this market.”
According to Onyema, at the NSE, we are driving a growth strategy based on three strategic objectives which are to increase listings across five asset classes, increase order-flow across these asset classes and operate a fair and orderly market based on just and equitable principles.
“Our target really is to work with a strong ecosystem in a seamless manner to introduce to achieve these objectives. Therefore, the new member are an important player in the actualization of these lofty objectives as they represent a new breed of leaders that will strengthen the brokerage community, the core of the capital market eco system.”
The CEO noted that the NSE recently launched the Minimum Operating Standards (MOS) and carried out a series of inspections of its dealing members to ensure that they meet the set requirements and standards as to ensure a stronger, more efficient broker-dealer community that is well suited for doing business in the 21st century.
He pointed out that the first of the five Minimum Operating Standards is ‘Manpower’, saying “As an organization, we recognize the need to ensure that our member firms have the right human capital to execute on their goals sustainably.”
He stated, “The choice you have made to take the next steps in your careers and get this qualifications has a multiplier effect on not just your sponsoring firm but the entire capital market. With the right hands on board, the capital market is sure to achieve its 10-year master plan.”