NGX tasks newly inducted brokers on ethics, continuous learning

The Nigerian Exchange Limited (NGX) has urged its newly inducted brokers to continue to uphold high standards of ethics in their operations and embrace a culture of continuous learning to stay ahead of trends and innovations in the financial space.

At the induction ceremony for the 91 newly authorised dealing clerks held at the weekend, the Chief Executive Officer, NGX, Temi Popoola, while delivering his opening remarks at the event, advised the newly inducted brokers to be advocates of integrity and impeccable character, with the penchant to place the market first in their decision making.

He reiterated that the exchange had signed a Memorandum of Understanding with the Economic and Financial Crimes Commission (EFCC) to implement its zero-tolerance policy on infractions.

On the Exchange’s technological drive, Popoola said: “Technology is increasingly going to drive our business operations and activities going forward. Over the years, The Exchange has demonstrated its readiness for digital transformation as evinced by our seamless transition to virtual trading following the incursion of the COVID-19 pandemic.

“Our trading platform and real-time data service remain a game changer in the capital market. Through these platforms, we have improved market order flow, sustained an increase in the number of trades, provided high availability and enabled direct market access and remote trading.”

Furthermore, he urged the inductees to embrace a culture of continuous learning and take advantage of NGX’s specialised learning platform, X-Academy to gain more knowledge and maximise opportunities to stay ahead of market developments.

Doyen of the market, Rasheed Yusuf, congratulated the dealing clerks stating that their induction was coming at a time of significant volatility and uncertainty in global markets and the world’s economy.

“I will urge you all to be innovative, creative and ethical as the market needs your skills to increase its contribution to the economy.

“The exchange and the capital market constitute a platform to turn around the fortunes of the Nigerian economy and I encourage you to leverage every channel available to create impact.”