Nigerian Exchange Limited has admitted 103 newly qualified Authorised Dealing Clerks, a step intended to raise professionalism, capacity and ethical standards in the country's capital market.
The inductees completed NGX's 15-day Automated Trading System Brokers' Certification Programme, which covered market structure, trading procedures, compliance requirements and the operational framework of the Exchange.
Jude Chiemeka, chief executive officer of NGX, congratulated the new dealing clerks and urged them to maintain the highest standards of integrity, professionalism and ethical conduct as they begin their market careers.
"Today, we celebrate the outstanding achievements of the candidates who have successfully completed the Nigerian Exchange's Automated Trading System Brokers' Certification Programme," Chiemeka said.
He described the programme as a platform for building the competence, capacity and character of aspiring market professionals, noting that the inductees had met the academic and professional requirements and secured the regulatory approvals needed to practise as Authorised Dealing Clerks.
Chiemeka also emphasised the importance of market integrity, explaining that the ceremonial robes given to the inductees represented their commitment to the ethical standards of the Chartered Institute of Stockbrokers and the NGX Rulebook. He restated NGX's zero-tolerance position on market infractions and called on the new dealing clerks to uphold high standards of professional conduct.
Rasheed Yusuf, Doyen of the Market, said the responsibilities of stockbrokers go beyond executing trades to include facilitating capital raising, deepening market liquidity, providing investment guidance and broadening 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 encouraged the inductees to remain proactive, continuously deepen their knowledge and stay informed about developments shaping the capital market.
