The Nigerian Stock Exchange (NSE) on Wednesday launched an online trading application called ‘TradeSmart’ as part of efforts to increase retail investors’ participation in the stock market.
Although Nigeria has a population of 170 million, only about five million investors participate in the stock market. But unveiling the stock trading app, Executive Director, Market Operations and Technology, Mr. Ade Bajomo said the new app would help to increase the number to 25 million in the very near future.
“What drives the market is that everyone participates, operates and nurture his or her investment. The app will provide users real-time market data with availability of various technical indicators to analyse the trend and momentum of the market. At the end of the day, they will make informed decisions based on the latest data,” Executive Director, Market Operations and Technology, Mr. Ade Bajomo said.