Trading global markets now accessible in Naira through CloudTrade

Proshare

Monday, October 17, 2016 12:00pm / Eagles Global Market

Traders and investors, both retail and institutional in the Nigerian finance space, have for long craved an indigenous platform that can provide and combine world class functionality into a user friendly interface. This service is what Eagle Global Markets (EGM) provides. A trading platform that brings to the table fast order execution with a depth of analytical tools, to access over 3000 assets, in categories that include Equities, Commodities, Forex and Spot Metals.

The advent of Eagle Global Markets sets a milestone, as it stands as the first PAN African brand to offer such an opportunity to Nigerian clients - who previously, had to face the hassles of operating a U.S. Dollar denominated account, in other to access even less attractive markets. To achieve this feat, EGM has taken into consideration the most pressing needs of traders and investors, and built a proprietary platform called the CloudTrade.

CloudTrade promotes ease of market access, by ensuring clients can trade Global markets in Naira. It democratizes participation in global markets without the foreign exchange exposure. This previously was not the case as traders had to source for foreign currencies to fund their trading accounts, or deposit Naira equivalents, thereby limiting their trading capability and volume. This disadvantaged position, together with the strain that the currency conversion process puts on the traders and even the economy, is now finally at its close. With CloudTrade, EGM clients are able to define their trading volumes in Naira, while getting up to the minute financial data in the form of economic news and a bird’s eye view on market performance using the powerful built-in indicators.

Speaking recently about the platform, the CEO of Eagle Global Markets, Gbite Oduneye, stressed that the company is here to stay and holds the interest of Nigerian traders at heart. Offering the highest levels of transparency, ease of transacting and most importantly constant innovation that will lead to client development. Mr. Oduneye also assured potential clients that global industry standards would be applied in the client onboarding process.

Developing the local market comes hand in hand with a pledge by EGM, to give primary focus to education and helping traders improve on their short and long term financial expectations. This is coming at a time when even on the global stage, the search for profitability and better yields across the financial markets, is a huge and pressing topic. The Head of Market Analysis and Education, Kola Adebayo, commented on this subject, citing an example with the education process of the company. “We have developed a curriculum that is meant to aid clients in growing organically, to become sound in market analysis and streamlined to help them achieve their corporate or individual financial goals”.

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