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Meritrade Will Boost Retail Investment–NSE

Posted: Mar 23, 2016 at 8:01 am   /   by   /   comments (0)

The Meritrade platform introduced by Meristem Securities Limited will deepen retail investor base in the Nigerian capital market, the Nigerian Stock Exchange (NSE) has said.

Mr. Oscar Onyema, Chief Executive Officer, NSE said this at the launch of the online platform.

He said: “We have been working towards increasing the retail investor base with intent of reaching out, even to the rural areas. Anticipatorily, Meristem’s Meritrade should contribute substantially to the realisation of this intent”.

Meritrade is an online stockbroking portal, which allows users to buy and sell stocks of companies listed on the Exchange with as low as N50,000 online.

Onyema noted that the Exchange supports innovations such as Meritrade platform as it has been demonstrated as one that provides speed, accessibility and robustness of technology systems