Wednesday, October 04, 2017 6.00pm/Proshare WebTV
Stakeholders in the Nigerian capital market eco-system, under the platform of the Nigerian Stock Exchange gathered for the second edition of the “Market Data Workshop”, as part of efforts to increase awareness on the critical role of Market Data in making sound investment decisions on both the buy and sell sides.
It was an opportunity to discuss the theme “Market Data: The Bedrock of Wealth Creation”, which was organized in partnership with Thomson Reuters.
Giving his opening remarks the CEO of the exchange, Mr Oscar Onyema said the Market Data workshop was designed to provide participants with more insights into the importance of Market Data in making robust and informed investment decisions.
According to him “Market Data, the by-product of activities on the platform of the Exchange, remains a key ingredient for investment endeavours. We intend to leverage this workshop to intimate you of new data products that will complement our existing list of non-display products, which cut across real time, reference and thematic datasets”.
Speaking further Onyema noted that there were many ways in which Market Data proves its value. He said “One interesting way is in understanding economic trends. Historians are of the opinion that history always repeat itself, similarly, a familiar saying about history tells us that “history is written by the victors”. If this saying is true, then it corroborates the idea that the market always wins. Market events of yesterday are written in Market Data, just as a book is written for its readers”.
The NSE boss informed stakeholders that the efforts of the exchange in the areas of boosting investor education and enhancing investor experience, were already yielding results as the NSE ASI is arguably the best performing index Year-to-Date in Africa, compared to others in the league.
Keynote speaker Mr Bismark Rewane CEO Financial Derivatives in his intervention asserted that market data was vital to real-time trading and described Nigeria as an economy evolving into a perfect market. He believed the crash and loss of value, lives and assets were driven by people making decisions on fictitious data.
The financial expert in a market overview, shared that global investors will now invest up to 60% of the market. Rewane also decried the fact that “Wonder banks, MMM and other investment schemes have all been possible, due to lack of frequency of data”.
In his presentation on the “Market Game Changers” Mr Ade Bajomo Executive Director, Market Operations & Technology, Nigeria Stock Exchange gave insight into the trends of market data, mobile trading, algorithm trading and machine learning and how they will transform market operations.
The workshop also featured panel sessions on “Leveraging Market Data to drive high-end returns”, “How Exchanges across Africa can come together for a viable market data business” and “The role of media in Market Data”.
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