August 02, 2019 / 12:00PM / Bukola Akinyele for Proshare
InfoWARE, a Pan-African Financial technology provider that provides real-time local market data that enables traders, asset managers, investors and compliance professionals optimally drive trades and manage risk, announced its collaboration with the Pan Atlantic University in Lagos.
The collaboration between the financial information platform and the university creates an opportunity for students to leverage real-time market data, to learn more about the financial and capital markets through Infoware’s market data terminal.
In a welcome address, Dr. Olusegun Vincent, the Academic Director Planning of the Pan-Atlantic University, said the collaboration was designed to provide solutions to banking and companies involved in the financial markets.
He said the innovative partnership is the first of its kind in Nigeria as PAU will be the first University in Nigeria to leverage the Bloomberg-like terminal.
“In terms of market size, InfoWARE has up to 60 to 70% of the Nigerian market space, and we are delighted to have this type of partnership,” Vincent said.
The Solutions Account Manager of InfoWARE, Ms. Nnenna Okoronkwo, believed the partnership with the Pan-Atlantic University, was an opportunity to improve the skills of the students in investment banking.
“Most of the capital market in Nigeria runs on the InfoWARE terminal; this will be of benefit to the students when they graduate, as they acquire practical skills and experience in investment banking.” She said
Okonkwo also added that the collaboration with the University would impart real-time market knowledge to the students.
Mr. Uwa Agbonile, the CEO/ Chief Solution Architect of InfoWARE Limited in his remarks, said the essence of the collaboration was to explore how to incorporate the InfoWARE Market Data Terminal, IMDT into the academic curriculum.
He was of the view that companies can use the collaboration as an example of how the University and Industry are collaborating, to enrich the entire financial education system.
Speaking further on the purpose of the partnership, Agbonile highlighted the fact that the company was committed to impacting its community, and also ensuring that graduates from Pan-Atlantic University have the requisite skills to compete in the global market:
The Dean, School of Management and Social Sciences, Prof. Chantal Epie in her contribution at the partnership agreement signing event said: “I am very happy with the collaboration between academia and industry because it will be very helpful for the students in their future endeavours.”
The Head of Department of Accounting of the PAU, Prof. Onafowokan Oluyombo said what the students will benefit from the training is enormous. He thanked InfoWARE for the opportunity to collaborate and noted that the partnership would help to generate extra income for the faculty.
The collaboration between InfoWARE and PAU is one of InfoWARE’s CSR initiatives to build a bridge between “gown” and “town.” PAU has now integrated the use of InfoWARE Market data terminal (IMDT) into its curriculum.
After students get trained in class, they can learn to place a trade using real-time market data via “GrowMyKudi” - a product InfoWARE would launch in the coming months for students and investment enthusiasts to explore real-time market data to virtually invest and place trades.
Users of the platform would be able to buy and sell underlying assets leveraging Robo-Advisory -instructions, build an investment-based portfolio, execute market orders, get investment education, and access a great community of traders and investment enthusiasts.