An online stockbroking platform has been launched by Meristem Securities, a major stockbroker. The virtual trading platform is called Meritrade. It comes with mobile apps and will help users to trade stocks on the Nigerian Stock Exchange from anywhere in the world.
Speaking at the launch held at the Nigerian Stock Exchange in Lagos, Oluwole Abegunde, Managing Director of Meristem Securities said the innovation will give investors control and convenience over their investments.
He said: “The Meritrade app will give users a unique experience, convenience and control over their investments. Our customers can now trade and manage their investments 24 hours daily, with their mobile devices without having to come to our office.”
Endorsing the app, Mr. Oscar Onyema, chief executive officer of the Nigerian Stock Exchange described Meritrade as a reliable and convenient mode of trading on equities in Nigeria.
“The platform is an innovation that I’m confident will encourage people from all walks of life, particularly the youth, including students, first time employees and civil servants to invest in stocks,” he said.
“In June 2013, while discussing technology and some of the NSE’s pillar for growth, I mentioned Mobile and Online trading as part of the next wave in our business development efforts.
“This position is rooted on the NSE’s realization that the Securities industry is largely driven by technology. Speed, accessibility and robustness of technology systems are critical success factors of modern trading and the Meritrade platform has been demonstrated as one that provides the aforementioned.”
