The Nigerian Stock Exchange (NSE) has said it acquired $10 million (about 1.5 billion) Horizon trading engine to strengthen its trading activities.
The Chief Executive Officer of the Exchange, Mr. Oscar Onyema, stated this during the NSE market data interactive with media and capital market analysts last week in Lagos. Onyema stated that NSE would migrate to the new engine before the end of the third quarter.
He affirmed that the Exchange will be charging $25,000 and N1.2 million per annum for those seeking to redistribute real-time data international and local data respectively.
He further said that for delayed-time feeds via a network service provider will be charged $20,000 and N1 million per annum for international and local data vendors respectively. According to him, only dealing members and the media will be allowed to redistribute the price list without charges.
More on the story: NSE acquires N1.6bn trading engine
