Nigeria’s largest stockbroking firm and member of Stanbic IBTC Holdings PLC, Stanbic IBTC Stockbrokers Limited, has launched an online stockbroking service on The Nigerian Stock Exchange with real-time processing capacity. The Stanbic IBTC E-Trade provides investors with real-time market information as well as enabling them give real-time mandates to buy or sell shares on the Nigerian Stock Exchange.
Among its uptakes, the platform is expected to help the market regain the confidence of investors by availing them of insight required to act prudently on new investment opportunities in the marketplace via a secure and robust technologically-driven platform.
Chief Executive, Stanbic IBTC Holdings PLC, Sola David-Borha, said the Group is committed to helping deepen the Nigerian capital market by making available to the investing public information, initiatives and strategies that could help them have superior information about developments in both the local and global markets.
She stated, “In introducing the new platform, the overarching goal is to identify both opportunities and threats in the global marketplace, which is made available to investors in real-time to enable them respond as quickly as possible.Our focus is on attracting investment to the Nigerian economy. The Stanbic IBTC E-Trade Platform is targeted at all retail investors”.
Enumerating the benefits of the platform, Chief Executive, Stanbic IBTC Stockbrokers Limited, Titi Ogungbesan, stated that with reliable and timely data, decision making is faster and investors are better able to structure their activities for efficiency, while tapping into opportunities, all of which will positively impact both their portfolios and returns.
Ogungbesan, who said there is no better time to invest in the Nigerian capital market than now when prices of equities are low and consequently attractive, noted that trading on Stanbic IBTC E-Trade is limited to only NSE for now. She highlighted other benefits of the Stanbic IBTC E-Trade to include flexible online trading environment anywhere, 24-hour access to your brokerage account, access to live market data from The Nigerian Stock Exchange for instant investment decision, convenience, transparency and control over your investment. Others are instant email notification on your transactions, automated contract note and trade notification delivery system.
The Stanbic IBTC Group had in the recent past launched several products and services to deepen growth of the Nigerian financial services market. Among these are the Purchasing Managers’ Index (PMI), a composite index to measure private sector activities to provide an early indication of business conditions in the country; the Stanbic IBTC Exchange Traded Fund 30 (ETF 30), an index built on the NSE 30 Index, that tracks the 30 most capitalized companies on the Nigerian Stock Exchange; and the Securities Lending Product, which involves the temporary transfer of securities from one party (the Lender) to another (the borrower) for a fee.
Stanbic IBTC Stockbrokers is a wholly-owned subsidiary of Stanbic IBTC Holdings PLC, a member of Standard Bank Group. The company was set up to provide world-class stockbroking services to local as well as foreign investors in the Nigerian Capital Market. A member of the Nigerian Stock Exchange, Stanbic IBTC Stockbrokers Limited is licensed by the Securities and Exchange Commission. It is the largest stockbroking house in Nigeria. It has also successfully acted as the stockbroker to major primary market transactions in Nigeria. Stanbic IBTC Holdings is a member of Standard Bank Group, a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group is the largest African bank by assets and earnings. It is rooted in Africa with strategic representation in 20 countries on the African continent. Standard Bank has been in operation for over 153 years and is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa; and connecting selected emerging markets to Africa by applying sector expertise, particularly in natural resources, power and infrastructure