NSE increases awareness on market data

NSE increases awareness on market data

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The Nigerian Stock Exchange has partnered the Independent Software Vendors and Market Data Vendors to host its inaugural market data workshop in Lagos October 18, 2016.
The workshop, according to NSE, is to increase awareness on the critical role of market data in making sound investment decisions on both the buy and sell sides. The workshop themed “Understanding Market Data for Savvy Investing and Wealth Creation” coincides with the 3rd anniversary of X-GEN, a next generation trading platform that has contributed to increasing market access, order flow and market transparency.

Chief Executive Officer, NSE, Mr. Oscar Onyema, explained that the delivery of market data to users is highly time-sensitive and requires specialised technologies designed to handle the collection and massive data streams.

“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 extendable to multiple interfaces for the consumption of market data. 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,” he said.

Speaking on the event, the Executive Director, Market Operations and Technology, NSE, Mr. Ade Bajomo, said “the conference brings to fore the critical application of market data in making sound investment decisions whilst highlighting the various data products available in the Nigerian marketplace, thereby allowing investors to maximize their wealth creation opportunities. This is a must attend event for all market participants.”

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