By Peace Udugba -The Daily Torch Media
The Nigerian Exchange Limited (NGX) has inducted 103 newly qualified Authorised Dealing Clerks, urging them to uphold professionalism, integrity and ethical standards in Nigeria’s capital market.
The inductees completed the Exchange’s 15-day Automated Trading System (ATS) Brokers’ Certification Programme, which equips participants with knowledge of market structure, trading procedures, compliance requirements and the operational framework of the Exchange.
Speaking at the induction ceremony in Lagos, Chief Executive Officer of NGX, Jude Chiemeka, congratulated the new dealing clerks and urged them to maintain the highest standards of integrity and professional conduct.
Chiemeka said the certification programme was designed to strengthen the competence, capacity and character of aspiring market professionals.
He noted that the inductees had fulfilled the required academic and professional standards and obtained the necessary regulatory approvals to practise as Authorised Dealing Clerks.
The NGX CEO also emphasised the importance of market integrity, noting that the ceremonial robes presented to the inductees symbolised their commitment to the ethical standards of the Chartered Institute of Stockbrokers (CIS) and the NGX Rulebook.
He reiterated NGX’s zero-tolerance stance on market infractions and charged the new dealing clerks to comply strictly with established rules and professional standards.
Also speaking, the Doyen of the Market, Rasheed Yusuf, said the responsibilities of stockbrokers go beyond executing trades to include facilitating capital raising, deepening market liquidity, providing investment guidance and expanding retail and diaspora participation.
“The Exchange and the capital market constitute a platform to turn around the fortunes of the Nigerian economy, and I encourage you to leverage every channel available to create impact,” Yusuf said.
He urged the inductees to remain proactive, continuously broaden their knowledge and keep pace with developments in Nigeria’s capital market.
The Chairman of the Governing Council of the Association of Securities Dealing Houses of Nigeria (ASHON), Sehinde Adenagbe, and President and Chairman of the Governing Council of the Chartered Institute of Stockbrokers (CIS), Fiona Ahimie, also charged the new dealing clerks to adhere strictly to market rules and professional ethics.
They stressed the responsibility of market practitioners in strengthening investor confidence and contributing to the sustainable development of Nigeria’s capital market.
The induction further expands the pool of qualified professionals within Nigeria’s securities market as NGX continues to strengthen the capacity and professionalism of market participants.
