The Nigerian Stock Exchange on November 15, 2012, commenced the delivery of its real-time and delayed market data feeds, offering a higher quality of service, directly to the financial information providers directly.
Global financial information service providers namely Reuters, Bloomberg, Six Telekurs and Interactive Data Services have subscribed to the Exchange’s real-time and delayed market data service. In addition, Google and INET-Bridge, who have subscribed to the Exchange’s delayed market data will also provide the data through their various channels.
Speaking about the development, The Executive Director for Market Operations and Technology, Mr Ade Bajomo, highlighted that the delivery of market data and associated services is an essential building block in The Exchange’s strategy as it seeks to reach a wider audience to improve market transparency and facilitate informed investment decision making.
The Exchange’s real-time market data was previously distributed by an independent company, Exchange Data Services, which commenced operations in 2009.
The Exchange plans to onboard other national and global financial information service providers in the coming months as it expands its market data service provision.