NSE named executive committee member of Financial and Information Services Association

The Nigerian Stock Exchange has been appointed an Executive Committee member of the Financial and Information Services Association, a division of the Software and Information Industry Association.

According to a statement by the Nigerian Bourse, the appointment is expected to last two years and Head, Market Services Department, Olufemi Balogun, was chosen to represent the Exchange.

Chief Executive Officer of the NSE, Oscar N. Onyema was pleased with the appointment.

Onyema's words: “This appointment is a testament to our commitment to ensuring good data governance and providing excellent customer service to our growing clients. We are inspired to leverage the platform of the FISD to continue to provide innovative data solutions to capital market operators and the investing public.”

The Exchange has been a member of FISD since 2012 and continues to pursue active membership in other international and regional organisations that promote the development and integration of global best practices across its operations.

“Our membership of FISD aligns with our commitment to provide local and international stakeholders with accurate, reliable and timely market data. We have a suite of Market Da?ta products that provide professionals and non-professionals such as the market intermediaries, issuers and investors, with easy access to market information for quick analysis on their investment. We are, therefore, pleased with this appointment as it strategically positions the NSE to further influence Market Data industry policies,” he added.

SIIA is an umbrella association representing 800+ technology, data and media companies globally. Industry leaders work through SIIA’s divisions. As a division, FISD is a global forum for industry participants to address issues and challenges that impact the key players in the value chain including consumer firms, third party groups, and data providers.

The Executive Committee of FISD, which is an equitable representation by each of the three FISD broad constituencies -- exchanges, vendors and user firms, is charged with representing FISD membership and setting the broad direction for FISD activities. The committee will review and approve new initiatives, provide guidance to working groups and the FISD/SIIA staff, identify priorities for the FISD budget and staff resources, and select new Executive Committee members when vacancies open.