NSE inducts 27 dealing clerks

The Nigerian Stock Exchange has on Wednesday inducted 27 dealing clerks on Wednesday.

The Chief Executive Officer, NSE, Mr Oscar Onyema, while speaking at the induction ceremony, said out of 47 candidates who wrote the Chartered Institute of Stockbrokers examination and went through the mandatory practical Automated Trading System training at the Exchange, only 27 candidates passed the oral examination.

He said the Automated Trading System training faculty was made up of seasoned capital market regulators and operators such as the Securities and Exchange Commission, NSE, Central Securities Clearing System, registrars, Association of Securities Dealing Houses of Nigeria and the Chartered Institute of Stockbrokers.

According to him, the dealing clerks were made to undergo an oral examination, a rigorous exercise to ensure only suitable candidates secured the required regulatory approval to practice as Authorised Dealing Clerks of the NSE.

Onyema told the inductees that In order to stay relevant in the dynamic environment, continuous training was a tool that should not be underestimated.

He said he was very confident that the formal entry of the new inductees into the market would bring the market many more successes.

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