By Modupe Gbadeyanka
The Nigerian Stock Exchange (NSE) is set to host its inaugural Market Data Workshop on Tuesday, October 18, 2016 at The Civic Center, Victoria Island, Lagos.
The event is in conjunction with Independent Software Vendors (ISVs) and Market Data Vendors (MDVs).
According to the NSE, the workshop aims to increase awareness on the critical role of Market Data in making sound investment decisions on both the buy and sell sides.
The programme, themed ‘Understanding Market Data for Savvy Investing and Wealth Creation’, coincides with the 3rd anniversary of X-GEN, a next generation trading platform that has contributed to increasing market access, order flow and market transparency.
It was disclosed that attendees at the workshop will include investors, market data aggregators, exchanges, market regulators, government agencies, dealing members, telecommunication operators and other stakeholders from the capital market ecosystem.
Chief Executive Officer of the NSE, Mr Oscar N. Onyema, the delivery of market data to users is highly time-sensitive and requires specialized technologies designed to handle the collection and throughput of the massive data streams.
“At the NSE, this effort is underpinned by our ‘next generation’ trading engine, X-Gen, which was built in collaboration with NASDAQ in 2013. X-Gen is not only built to trade a wide range of securities, it is extendable to multiple interfaces for the consumption of market data.
“It is this system that we rely on daily to deliver approximately 2.5GB worth of data to our various domestic and global market data consumers,” Mr Onyema said.
Also speaking, the Executive Director, Market Operations and Technology of NSE, Mr Ade Bajomo, said “the conference brings to fore the critical application of market data in making sound investment decisions whilst highlighting the various data products available in the Nigerian marketplace, thereby allowing investors to maximize their wealth creation opportunities. This is a must attend event for all market participants.”
Some of the confirmed speakers for the event include Dr Yemi Kale (Statistician General of the National Bureau of Statistics of Nigeria), Uwa Agbonile (Managing Director, Infoware Limited), Obiora Anyichie (Global Trybe Solutions), Natasha Punwani (Business Manager, Bloomberg) and Kemi Oluwashina (Director, ARM Securities).
According toHead of Market Services Department at the NSE, Ade Ewuosho, “the Exchange in collaboration with technology driven institutions and stakeholders in Nigeria will continue to provide business solutions that will thrive on market data, technology and innovation, to meet the diverse business needs. We are hopeful that attendees will gain valuable insight that will help them realise the significance of data to decision making.”