{"id":51553,"date":"2021-08-24T19:21:08","date_gmt":"2021-08-24T18:21:08","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=51553"},"modified":"2021-08-24T19:21:08","modified_gmt":"2021-08-24T18:21:08","slug":"ngx-ngcl-engage-trading-license-holders-on-derivatives-trading","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ngx-ngcl-engage-trading-license-holders-on-derivatives-trading\/","title":{"rendered":"NGX, NGCL Engage Trading License Holders On Derivatives Trading"},"content":{"rendered":"<p class=\"yiv9946715699MsoNormal\">As Nigerian Exchange (NGX) Limited inches closer to the launch of Exchange Traded Derivatives (ETDs) in the Nigerian capital market, it continues to engage with the capital market ecosystem. In collaboration with NG Clearing (NGCL), NGX hosted an engagement session with Trading License Holders (TLHs) on Tuesday, 24 August 2021.<\/p>\n<p class=\"yiv9946715699MsoNormal\">Speaking at the session, the Divisional Head, Trading Business, NGX, Mr. Jude Chiemeka, noted that, \u201cNGX in its quest to be Africa\u2019s preferred Exchange hub, recognises the importance of a well-developed Derivatives market and has worked assiduously to build the regulatory and technology framework and competence required to support the launch of a standardized ETDs market. We are confident that the Derivatives market will complement existing cash markets and provide investors and other market players with the necessary tools for tactical asset allocation, risk management and cost management for effective portfolio management. Our adoption of a best in class Central Counterparty (CCP) and Clearing House, NG Clearing, further engenders confidence in the ETD Market segment amongst market participants, as the clearing infrastructure being set-up will be of international standards capable of reducing systemic risk and enhancing market transparency.\u201d<\/p>\n<p class=\"yiv9946715699MsoNormal\">During the session, the Head, Derivatives Markets, NGX, Mrs. Chidinma Chukwueke-Okolo provided TLHs with information on their roles, as well as the minimum operating standards for participating in the Derivatives market. Areas where TLHs must show competence across the following areas: manpower &amp; equipment, organisational structure &amp; governance, effective processes, global competitiveness, and technology. The Chief Operating Officer, NGCL, Mr. Ayokunle Adaralegbe also shared insights into the approach to clearing in the Derivatives market.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p class=\"yiv9946715699MsoNormal\">The derivatives market continues to be the largest single segment of the global financial market and has been estimated to be more than five times larger than global equity and bond markets. Local and international players in the derivatives market space, therefore, continue to anticipate the launch of ETDs in the market and are keeping a keen eye on the activities of NGX in this regard.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Nigerian Exchange (NGX) Limited inches closer to the launch of Exchange Traded Derivatives (ETDs) in the Nigerian capital market, it continues to engage with the capital market ecosystem. In collaboration with NG Clearing (NGCL), NGX hosted an engagement session with Trading License Holders (TLHs) on Tuesday, 24 August 2021.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":48181,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[8301,8539],"coauthors":[2391],"class_list":["post-51553","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-derivative-markets","tag-ngx"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NGX, NGCL Engage Trading License Holders On Derivatives Trading - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/ngx-ngcl-engage-trading-license-holders-on-derivatives-trading\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGX, NGCL Engage Trading License Holders On Derivatives Trading - National Wire\" \/>\n<meta property=\"og:description\" content=\"Nigerian Exchange (NGX) Limited inches closer to the launch of Exchange Traded Derivatives (ETDs) in the Nigerian capital market, it continues to engage with the capital market ecosystem. 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