By Audrey Lotechukwu
FRI, 02 OCT, 2020-theGBJournal- The Nigerian Stock Exchange (NSE) has received regulatory approval of the Securities and Exchange Commission (SEC) to revise its fee structure, following the end of the 4-year Fixed Income Securities Trading Fee moratorium.
The NSE said today that the revised fees will become effective on 5 October 2020. Under this revised fee structure, the Exchange will charge 0.0005% (N5 per million) on debt instruments traded on its platform.
The Exchange said the move is ‘’in line with its ambition to support Nigeria’s economic growth by providing a liquid, efficient and multi-asset securities exchange hub.’’
As part of its liquidity-enhancing efforts, the Exchange introduced a trading fee moratorium as communicated on August 11, 2016 (via a press release) to stimulate activities and liquidity in the fixed income market.
The Exchange currently offers a hybrid market for the execution of quote and order-driven transactions providing dealers as well as institutional and retail investors access to increased liquidity in Fixed Income Securities. And by leveraging best in class market design and infrastructure, the NSE trading venue now provides investors integrated straight-through trading and post-trade process that supports efficient execution without any trade failures across all asset classes including Fixed Income Securities.
Investors trading via the NSE platform also have access to diverse listed debt instruments including Federal Government, State Government, Corporates, Supranational and Retail Savings Bonds.
As part of its continued effort to build domestic capacity and enhance financial literacy while encouraging inclusiveness, the Exchange continues to conduct various trainings, workshops and conferences on Fixed Income Securities products.
‘’We remain committed to our corporate goal of providing investors and businesses a reliable, efficient and an adaptable exchange hub in Africa, to save and to access capital,’’ the NSE said.
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