This Is Why BGL Thinks The New X-Gen Platform Will Drag The Stock Market Backwards For The Next Few Weeks

In its review of capital market activities for nine months to September, 2013 and outlook for fourth quarter and 2014, BGL claims key developments in the Stock Market is likely to influence the value of stocks as we get into the penultimate month of the year. One of those key developments is the X-Gen Trading platform recently introduced. According to BGL;

The platform is set to change the structure of transaction in the market as it allows order automation, multiple channels interaction and real time integration of stockbrokers’ web access to the market such that investors can see and may be trade directly through their brokers’ platform real time. The learning curve for brokers on the use of the newly installed X-Gen trading platform is expected to contribute to the current drag in the performance of the stock market in the last quarter of the year.

This was contained in a report titled, “Economic Note: The Nigerian Capital Market in the First Three Quarters of 2013”

Source: Vanguard