NSE To Acquire NASDAQ’s Price Monitoring System

The Nigerian Stock
Exchange (NSE) has stated its plan to acquire a price monitoring system from NASDAQ.
The Head of Regulation, NSE Mr. Tinuade Awe said the system is aimed at protecting the bourse against market manipulation.
According to information made available to The Tide, the system will allow the NSE monitor trading activities and provide efficient surveillance of  the market.
The system will also go a long way in assisting the Exchange in upholding its zero tolerance for market abuse and detect as well as deter manipulative tendencies on a real time basis.
He said the system would boost investors’ confidence in the market and  impact trading activities positively.
The system according to the information will become fully operational before the fourth quarter of 2016.
The NSE lead by the Chief Executive Officer (CEO), Mr Oscar Onyema has implemented many initiatives to help in reducing the many crisis faced by the economy in  recent times.