The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema, has admonished newly-inducted stockbrokers to stand against sharp practices in the market, having being qualified as chartered stockbrokers by the Chartered Institute of Stockbrokers (CIS) and as dealing clerks by the NSE.
Speaking at the induction ceremony for the newly-qualified stockbrokers, Mr. Onyema said, “Today marks a call to stand tall in integrity, to be impeccable in character, to be professional in service and to be high in ethics and standards.
“You are all witnesses to the fact that The NSE continues to evolve to achieve the highest level of competitiveness, operating fair, orderly and transparent markets that bring together the best of African enterprises, as well as local and global investor communities.”
He added that requisite technology and expertise are being deployed to curb and arrest any form of manipulation in the market.
Of the 81 candidates who passed the Chartered Institute of Stockbrokers (CIS) examination and went through the 15 days of practical Automated Trading System (ATS) training at the Exchange, only 55% passed the oral examination at the Exchange.