Friday, October 07, 2016 7:54pm / NASD Plc
The NASD OTC Securities Exchange has seen an increase in participation on the OTC Market Space.
As at Q3 2016, the market has added 68 new authorised traders from the 177 traders registered at Q3 2015. This brings the total number of authorised traders on the NASD OTC Market to 245.
Participating Institutions have also increased to 118, compared to 107 PI's in the same period in 2015.
The authorised traders have carried out 4,090 deals amongst the 31 securities trading on the OTC Market as at Q3 2016, compared to 2,204 deals in 23 securities in the same period in 2015.
NASD believes the increased participation is as a result of investors understanding the value which the OTC Market bears and taking advantage of it.
New Participating Institution (PI) Admitted To NASD OTC Market
NASD is pleased to welcome a new Participating Institution to the market. The Participating Institution satisfactorily meets the requirements to become a member of the NASD OTC market.
All investors are hereby advised that they can complete their transactions through our Participating Institutions. This brings the number of Participating Institutions on the NASD OTC Market to 117.
Unlisted Securities Index
As at Friday, 07 October 2016, the index closed at 615.33 Points (down 0.53% on previous close of 618.90 Points).
PI Activity – 2016
Macro-Economic Indicators - 7 October, 2016
1. NASD OTC Monthly Market Summary – September 2016
2. FrieslandCampina WAMCO Nigeria Plc - Security Performance as at Q3, 2016
3. FrieslandCampina WAMCO Signs MoU with Federal Government
4. Nigeria's Assets: Sells and Holds
5. New Authorised Traders Admitted to NASD OTC Market
6. New Participating Institution (PI) Admitted to the NASD OTC Market
7. Air Liquide Plc Starts Trading on the OTC Market
8. What is Happening to the Airlines?
9. Desperate times are calling for desperate measures!
10. OTC Market Receives Volume Traction Even as the Economy Slows
11. NASD Plc Signs MoU with Proshare Nigeria Limited
12. Proshare and NASD Plc form strategic partnership to boost the Nigerian Financial Market