NSE set to hold market data workshop

The Nigerian Stock Exchange (NSE) is set to hold a market data workshop with the theme 'Bedrock of Wealth Creation'. The workshop, which is the second of its kind, aims to emphasize the importance of market data in helping both retail and institutional investors make sound investment decisions to maximize wealth creation opportunities. Ade Bajomo, the Executive Director of Market Operations and Technology at NSE, spoke to CNBC Africa from the floor of the Nigerian Stock Exchange to shed more light on the event. According to Bajomo, the workshop is a platform to address the issue of information asymmetry that existed among investors in the past. By equipping investors with the necessary market data and insights on how to utilize them effectively, NSE aims to create a more informed market environment that fosters wealth growth over time. One of the key points emphasized by Bajomo is the significant progress made by brokerage firms in incorporating market data into their operations. Through the implementation of minimum operating standards and the use of mobile applications, investors now have access to real-time market information, including prices and news updates. The workshop seeks to bring together various stakeholders in the financial ecosystem, such as asset managers, pension fund companies, fintech firms, and news media companies, to enhance collaboration and knowledge sharing for better investment decisions. Bajomo also highlighted the ongoing efforts by NSE to increase awareness about the critical role of market data in wealth creation. Through initiatives like displaying the NSE ticker on news media platforms and leveraging fintech applications to translate data into actionable insights, NSE has seen positive outcomes in investor response based on information. However, Bajomo acknowledges that there is still more work to be done to fully harness the potential of market data in driving long-term wealth creation. Looking ahead to 2019, NSE plans to focus on innovation, particularly in enhancing market access for retail investors. The exchange aims to leverage technology, including social media and fintech applications, to deepen market participation among retail investors. Additionally, NSE intends to introduce products tailored to the mass retail market and explore the use of robo-advisors and bots to enhance decision-making processes for clients. In conclusion, the NSE market data workshop serves as a platform for empowering investors with the necessary tools and knowledge to make informed investment decisions that drive wealth creation. With a focus on innovation and technology, NSE is committed to expanding market access and product offerings to cater to the diverse needs of investors at all levels.