By EMEKA AGINAM
Committed to growing its businesses in the Nigerian market, devices and services giant, Microsoft Nigeria has taking its new cutting-edge technology solution , X-Gen to capital market operators at the Nigeria Stock Exchange (NSE) organised X-Gen Expo.
X-Gen is a new electronic trading platform that allows stockbrokers and other stakeholders access the market anywhere, anytime.
Accordingly, the expo also provided an avenue for market shareholders and solution providers to further discuss the functionalities and usage of the X-Gen.
On display at the Microsoft exhibition stand was the Microsoft Office 365, a cloud service which requires no hardware investment.
For one thing, the expo provided market operators the opportunity to learn more about the potential business impact of Office 365 and explore its power and functionality during a hands-on demo by officials of Ha-shem Network Services Limited, a Certified Microsoft Gold Partner.
The Microsoft Office 365 has the potential to fuel business and economic transformation by delivering cost-effective, flexible access to enterprise-class IT and also provides the productivity backbone for modern businesses.
Office 365 also brings together Microsoft Office, Microsoft SharePoint Online, Microsoft Exchange Online and Microsoft Lync Online in an always-up-to-date service, at affordable cost. These tools put email, voicemail, enterprise social networking, instant messaging, Web portals, extranets, video conferencing, web conferencing and more at everyone’s fingertips.
Earlier in his remarks, Oscar Onyema, Chief Executive Officer, NSE described the X-Gen Expo as the first of its kind since inception of the NSE in 1960 , adding that the “X-Gen symbolises NSE’s untiring commitment to delivering a first rate technology platform that will enable our members build and grow their businesses, and the investing community experience a more efficient market when they buy and sell securities.”
For Ade Bajomo, Executive Director, Market Operations and Technology at the NSE, the new trading models will support algorithm trading, customer driven electronic trading, direct market access and high frequency trading, amongst others.
“The system when introduced is expected to improve transparency, market access, audit trail and provide efficient price discovery in the market, thereby enabling investors to realise their investment objectives by using products currently offered at the Exchange in more meaningful ways” he explained.