A total of 91 newly Authorised Dealing Clerks were inducted on Thursday, December 15, 2021, at a ceremony held at the Nigerian Exchange (NGX) Limited premises in Lagos.
Mr Temi Popoola, the exchange’s chief executive, charged the newly inducted brokers to uphold ethics and embrace continuous learning at the event, reminding them that a Memorandum of Understanding (MoU) has been signed with the Economic and Financial Crimes Commission (EFCC) for the implementation of the exchange’s zero-tolerance policy on infractions.
He emphasized that they must uphold the high standard of ethics in the capital market to avoid being found wanting, advising them to be advocates of integrity and impeccable character, with a proclivity to put the market first in their decision-making.
He also emphasized the importance of embracing a culture of continuous learning in order to keep up with the fast pace of financial development and innovation.
In the future, technology will increasingly drive our business operations and activities.
Over the years, the exchange has demonstrated its readiness for digital transformation, as evidenced by our seamless transition to virtual trading following the incursion of the COVID-19 pandemic,” said the exchange.
In the capital market, our trading platform and real-time data service continue to be game changers. “We have improved market order flow, sustained increase in the number of trades, provided high availability, and enabled direct market access and remote trading through these platforms, he said.
Mr Popoola encouraged the inductees to use NGX’s specialized learning platform, X-Academy, to expand their knowledge and maximize opportunities to stay current on market developments.
Mr Rasheed Yusuf, the market’s doyen, congratulated the new brokers, noting that their appointment came at a time of significant volatility and uncertainty in global markets and the global economy.
I will encourage you all to be innovative, creative, and ethical, as the market requires your skills to increase its contribution to the economy.
The exchange and capital markets provide a platform for turning around the fortunes of the Nigerian economy, and I encourage you to use every channel available to make an impact, he said.
Speaking at the event, Mr Sam Onukwue, Chairman of the Governing Council of the Association of Securities Dealing Houses of Nigeria (ASHON), and Mr Oluwole Adeosun, President and Chairman of the Governing Council of the Chartered Institute of Stockbrokers (CIS), emphasized the importance of new brokers adhering to market rules and regulations and striving to contribute to the market’s development.
