NSE introduces 10 primary market makers

Channels Television  
Updated April 5, 2012

The management of the Nigerian Stock Exchange has selected ten stockbroking firms in the country to uphold the responsibility of primary market making in the equity market.

The CEO of the exchange, Oscar Onyema says the selection process of the ten out of the twenty applications, entailed meeting the criteria of a minimum of N570 million net capital base; compliance history; operational capabilities and considerations on technological facilities.

The ten qualified market makers include, Stanbic IBTC, Greenwich securities, Renaissance capital, CSL stockbrokers and First bank of Nigerian securities.

Others are Future view, Vetiva, and Capital Bancorporation, WSTC, ESS/dunn loren.