IN line with the Central Bank of Nigeria, CBN’s financial inclusion initiative, Capital Bancorp Plc has taken the bull by the horns as it unfolds five strategic initiatives as part of its brand positioning to enhance investors’ seamless transaction in the Nigerian capital market.
Besides, the company has upgraded its Bancorp E-Trade in line with the rising demand of its teeming clients to enable them key in their mandates which go directly to the Nigerian Stock Exchange.
Addressing some capital market reporters in Lagos, the company’s Head, Stockbroking Department, Mrs. Ayoola Opeyemi, explained that technology drives the entire global financial market and Capital Bancorp has leveraged its innovativeness to introduce five key initiatives in order to attract more investors into the capital market and to promote the federal government’s financial inclusion programme.
In her presentation, a staff in the stockbroking operations, Miss Opeyemi Ojomu listed the initiatives as Upgraded Bancorp E-Trade, Online Account Opening, Bancorp Mobile, Live Chart and Self Service Desk.
Speaking on the Direct Market Access also known as be your own trader, Ojomu explained that it enables investors to take advantage of price volatility to purchase some stocks instantly. “It is not uncommon that price volatility in the market makes investors unable to take advantage of some stocks instantly at their particular prices. With our upgraded Bancorp E-Trade, we have been able to solve this challenge for our clients. The Direct Market Access allows clients to trade themselves without the intervention of the broker. They key in their mandates which go directly to the floor of the NSE and mandates are executed immediately stocks are trading at clients’ limit” Ojomu said.
According to her, Market Watch serves as a guide in placing orders to enable investors view live trades, real time prices and total volumes of bid and offers on all stocks with their corresponding prices. Ojomu noted that instant mail confirming success of the registration can be received instantly by mail while Log in details will be received within 24 hours.
“ Bancorp Mobile is a secure trading application offering simple and hassle-free trading across NSE/NASD equities at the click of a button. Bancorp Mobile enables you to open an account, trade, track your stock position and view transactions anytime anywhere on a mobile friendly interface. Our Live Chat provides opportunity for instant responses while the Self Service Desk enables clients that walk in to service themselves” she said.
Ojomu explained that the Self Service Desk had been created to enable customers open account, place orders, check account balance, view portfolio holdings and valuation and view real time prices on Market Watch.