By Peter Egwuatu
In its determination to boost the Nigeria capital market, Securities Africa Financial, SAF Limited, a dealing member of the Nigerian Stock Exchange, NSE, has introduced a new product, “Real Trade” and has assured stakeholders that their transactions on the platform are adequately protected.
Speaking to newsmen in Lagos, the Managing Director, Securities Africa Financial, Mr. Afolabi Folayan, said “Real Trade is our online/electronic trading product designed to offer convenience to the investing public through our e-Business Suite. This new product is borne out of the need to satisfy the cravings of certain group of investors. They are: The IT Savvy; those that believe that the best way to get anything done is to do it yourself; those that want minimal interactions with human personnel by serving themselves on a trading platform; those that want to take and execute their investment decisions from the comfort of their desks/homes/mobile devices; the young investors, starters and students.”
He further explained that to subscribe to the Real Trade platform, investors need to have access to internet, either through their phones, laptops, computers or ipads etc.
He stated that Real Trade features include: Convenience. Investors have opportunity to trade directly through straight processing to NSE; trade for yourself/ Self Serving platform (put you in the driver’s seat); instant confirmation of successful trades/feedback; direct access to stockbroking accounts, portfolio position; direct access real time market information and access to research materials.
Commenting on the benefits of the product, he said “Like every real time portal, it is instant. Our Portal is very interactive. Feedback is immediate, that is, you get to know if your trade is successful, the cost, etc as soon as you fille your order(s).You can view market information real-time, thus take the decision whether to invest at that point in time.
Folayan, explained that the process is very simple as “We have made it so. With a minimum of N10, 000.00, you can open a Central Securities Clearing System, CSCS, account with us and trade yourself. The various steps are as follows: Those who already have an account with us can commence trade execution immediately. Those who do not have a stockbroking account with us can follow the following steps: Open a CSCS account by completing our online account application form with a passport photograph, valid means of identification (international passport/driver’s license/voter’s card/national ID). User code and a password will be created on our e-Business Suite and sent to client by email on the email address provided by the client in the application form.”