Stanbic IBTC stockbrokers, a member of the Stanbic Group has just launched Stanbic IBTC E-Trade, an online stock broking service.
The platform has real time trading capability that sllows investors and retail traders access to up to the minute market data and information to buy, sell and manage their protfolio on the NSE
According to the brokerage firm, “the platform is expected to help the market regain the confidence of investors by availing them of insight required to act prudently on new investment opportunities in the marketplace via a secure and robust technological-driven platform.”
Sola David-Borha, the CEO, Stanbic IBTC Holdings PLC, said “the Group is committed to helping deepen the Nigerian capital market by making available to the investing public information, initiatives and strategies that could help them have superior information about developments in both the local and global markets.”
She stated, “In introducing the new platform, the overarching goal is to identify both opportunities and threats in the global marketplace, which is made available to investors in real-time to enable them respond as quickly as possible. Our focus is on attracting investment to the Nigerian economy. The Stanbic IBTC E-Trade Platform is targeted at all retail investors”.
Titi Ogungbesan, CEO, Stanbic IBTC Stockbrokers Limited, highlighted other benefits of the Stanbic IBTC E-Trade such as:
- Flexible online trading environment anywhere,
- 24-hour access to your brokerage account,
- Access to live market data from The Nigerian Stock Exchange for instant investment decision, convenience,
- Transparency and control over your investment.
- Others are instant email notification on your transactions, automated contract note and trade notification delivery system.
The Stanbic IBTC Group had in the recent past launched several products and services to deepen growth of the Nigerian financial services market. The company has launched its own Purchasing Managers’ Index, PMI, a composite index to measure private sector activities to provide an early indication of business conditions in the country.
Also unique to the company is the Stanbic IBTC Exchange Traded Fund 30 (ETF 30), an index built on the NSE 30 Index, that tracks the 30 most capitalized companies on the Nigerian Stock Exchange; and the Securities Lending Product, which involves the temporary transfer of securities from one party (the Lender) to another (the borrower) for a fee.