The Nigerian Exchange Limited (NGX) has launched West Africa’s first Exchange Traded Derivatives Market with Equity Index Futures Contracts.
In December 2019, a new derivatives framework was implemented by SEC overseeing Central Counterparty and Derivatives transaction; clearing a path for recognized exchanges like NGX to launch their own derivatives exchange. Sequel to this, the Nigerian Exchange Limited (NGX) announced that it has received endorsement for seven derivatives contracts from the Securities and Exchange Commission (SEC) on Monday of 28 June 2021
As indicated by the SEC principles, regulated exchanges are permitted to bring to the table Exchange-traded derivatives & standardized OTC derivatives; and clearing shall only be done by listed Derivatives Clearing Members.
As we all know, ETDs are standardized, highly regulated, and transparent financial contracts listed and traded on a securities exchange, and guaranteed against default through the clearinghouse of the derivatives exchange.
In readiness for this new opportunity and supporting this business from a technology, operations, risk and compliance standpoint, InfoWARE has gone ahead of the curve, to scale its platforms in readiness to trade derivatives.
The platform will play an essential role in facilitating, broadening and deepening the market share of our partners, adding new emblems to their various leading positions in the capital market
InfoWARE having promptly completed ALL accreditation tests with the exchange are certified good to go; confirming and reaffirming it’s leadership position as the top solutions provider to African Capital market operators with two thirds of the operators licensed to commence derivatives trading being powered by InfoWARE.
Derivatives trading by definition involves high risk and in recognition of this and to ensure it’s customers are well protected, InfoWARE has implemented a number of additional capabilities to go beyond just the trading derivatives and these include
- Extensive Pre and Post trade risk management
- Fully integrated Margin and Loans management system
- Real time retail investor support via our Ebiz/Online trading platform
- Backoffice broker support to trading real time via our FIX Premium Trading terminal
- Support for trading via XGen terminal
- Platform API support – Allowing our customers to extend and provide direct access to their retail and/or institutional customers
- EMSX API support – This will allow FinTechs to immediately take advantage of this and create potentially applications that leverages the high risk/high reward derivatives to create substantial wealth
We are especially proud of our support of derivatives trading via our global EMSX APIs as it provides unlimited and amazing capabilities for FinTechs to engage and participate in the market with time to market is a matter of weeks even with individualized risk management applied.
InfoWARE Limited remains committed to building innovative technological solutions that cater to the increasingly sophisticated needs of our customer’s domestic and foreign investors. One of our key strategy is to create an ecosystem that bring together BUY and SELL side institutions to create unprecedented wealth. Our derivatives implementation was designed specifically to enable and facilitate this; it allows portfolio managers, PFA, FinTechs, institutional and retail investors of all sizes to leverage derivatives manage risk and improve their portfolio profitability.
In readiness for this new opportunity and supporting this business from a technology, operations, risk and compliance standpoint, InfoWARE has gone ahead of the curve, to scale its platforms in readiness to trade derivatives.
The platform will play an essential role in facilitating, broadening and deepening the market share of our partners, adding new emblems to their various leading positions in the capital market
InfoWARE having promptly completed ALL accreditation tests with the exchange are certified good to go; confirming and reaffirming it’s leadership position as the top solutions provider to African Capital market operators with two thirds of the operators licensed to commence derivatives trading being powered by InfoWARE.
Derivatives trading by definition involves high risk and in recognition of this and to ensure it’s customers are well protected, InfoWARE has implemented a number of additional capabilities to go beyond just the trading derivatives and these include
- Extensive Pre and Post trade risk management
- Fully integrated Margin and Loans management system
- Real time retail investor support via our Ebiz/Online trading platform
- Backoffice broker support to trading real time via our FIX Premium Trading terminal
- Support for trading via XGen terminal
- Platform API support – Allowing our customers to extend and provide direct access to their retail and/or institutional customers
- EMSX API support – This will allow FinTechs to immediately take advantage of this and create potentially applications that leverages the high risk/high reward derivatives to create substantial wealth
We are especially proud of our support of derivatives trading via our global EMSX APIs as it provides unlimited and amazing capabilities for FinTechs to engage and participate in the market with time to market is a matter of weeks even with individualized risk management applied.
