By NKIRUKA NNOROM

Meristem Securities Limited, a dealing member of the Nigerian Stock Exchange, NSE, has said it introduced Meritrade online platform for local and international investors to maximise opportunities in the Nigerian stock market.

Meritrade is an online stock broking platform, which allows users to buy and sell stocks online through the Nigerian Stock Exchange from the comfort of their homes, offices, cars and even on the go.

The platform defines stockbroking in entirely different language and creates a world class experience, bringing the broker (electronically) to the comfort of investors’ homes and offices.

Head of stockbroking, Meristem Securities, Mrs. Gbadunola Sokunbi told Vanguard that Meritrade comes with ease and is for the benefit of the retail segment of the Nigerian capital market; thus, making Meristem contribute to the positioning of the NSE to champion the acceleration of Africa’s economic development while creating durable wealth.

The Meritrade platform will guarantee investors’ convenience as it will enable retail investors to open stockbroking account without having to walk into a stockbroking house from wherever, whenever and even on the go.

It will also enable investors fund their accounts by making deposits without necessarily walking into a banking hall, place orders for prompt execution and receive contract note instantly.

Other benefits of the platform are real-time notification on trade execution, trade the way an investor wants, manage and take full control of investors’ investments at all times as well as explore market data and quality research reports.

The development of the new trading platform has become imperative with the NSE’s recent launch of its new trading engine, the X-Gen platform, which enables completion of trading transactions without human intervention, she said.

Sokunbi said www.meritrade.com presents stock-trading experience in an unprecedented form, remarking that indeed it is the beginning of a new era in the Nigerian capital market.

She enjoined investors to enjoy this fairly extensive walk-through system and its Mobile Apps.