The Nigerian Stock Exchange (NGSE) announced that it has reviewed its Equities Market Structure, which shall become effective on 2 July 2018.
The new Market Structure will create a level playing field for all market participants and enable investors deploy broader trading strategies, enjoy best execution and benefit from enhanced market depth.
Commenting on the new equities market structure, Nigerian Stock Exchange Chief Executive Officer Oscar Onyema says the review of the equities market structure was carried out to support the hybrid market model, “which offers the benefits of best execution and tighter spreads to investors.”
“Moreover, it provides potential for cheaper cost of capital to issuers in our market. This Market Structure is in line with our 2018 to 2021 corporate strategy aimed at boosting retail investor participation,” highlights Onyema.
Details of the new Market Structure have been published in the Product Section of the NGSE website.