Chinwendu Obienyi
These days, it turns out that everyone can communicate about the pandemic that has invaded the global coronavirus (COVID-19). Unfortunately, there have been an alarming number of cases shown of COVID-19 in Nigeria.
This has caused Nigerian communities and the capital market to suffer to fight infections.
Today, the precept of buying and promoting securities to investors might seem like an overwhelming task, but surprisingly, investment is very similar to other monetary decisions due to the effect of the pandemic. In fact, prospective investors would like to perceive the product or service that interests them, know their strengths, weaknesses, substitutes and possibilities to feel the buyer’s remorse.
Therefore, in order to achieve the most productive imaginable effects of any investment at the place of the capital market, it is vital that investors are exposed to market place data, not only in the inventory call, but also to data on underlying securities, beyond yield, value. trends and other basic points that affect the attractiveness or resilience of security.
This is why data is very important, because once investors have to trade data, their investment decisions will be bigger and faster.
The question is how can current or potential investors gain significant knowledge or information about the capital market?The answer is the generation that refers to methods, systems, and devices (such as computers, laptops, Wi-Fi) that are the result of the clinical wisdom used for practical purposes. .
It is a fact that computers have revolutionized the stock market stock industry with the stock market that is recently undergoing an immediate transformation and it is clear that the long-term market place will resemble the market locations of the past.
Technology has made it imaginable to send data on inventory costs around the world in seconds. Currently, computers deliver orders and execute small transactions directly from the brokerage company terminal to the inventory exchange. Computers now link various inventory exchanges, a practice that is helping to create a single global market for securities trading.
It is said that with the continuous improvement of technology, the execution of transactions on a global scale will not be a challenge as long as it has access, which in turn will attract investment.
In recent statements to Daily Sun, Afrinvest West Africa Group managing director Ike Chioke said virtual platforms will be created because the pandemic has affected procedures in the business world.
“The COVID-19 pandemic gives Nigeria the opportunity to restore the country’s economy and functioning. For example, you can create virtual platforms for others to record what has been delivered. I believe that the ability to expand a suitable plan exists in Nigeria. “I also think the government has said all the smart things, but we’ve been with them for five years and we’ve found that they say the right things, but they fail in terms of execution and therefore a virtual map is urgent,” he said. .
Aware of the importance of greater access to knowledge, the Nigerian Stock Exchange (NSE) recently updated its knowledge portal, known as the X-Data Portal. The X-Data portal is a repository of real-time, deferred, and old-knowledge information for all indexed titles in the NSE and has been advanced with new features that add new knowledge products, subscription management, payment gateway integration, and more.
With this update, the NSE provides a visitor-centric technique to bring an astonishing delight of visitors to those who want market data.
Commenting on development, NSE CEO Oscar Onyema said: “The X-Data portal update is consistent with NSE’s preference to continue to provide seamlessly available exchange by leveraging virtual technology. As a result, the recently advanced X-Data Portal has been provided with market-based features that will complement the NSE and other NSE portals in reaction to the call of development stakeholders for simple access to knowledge. “
Based on the first release, the X-DataPortal provides users with responsive design and easy-to-use navigation. Users would also have quick and simple access to marketplaceplaceplace’s knowledge, reports and downloadable old knowledge to facilitate informed decision-making; Custom call reports for instant acquisition of market site knowledge in the Easy to track all subscribed reports and free access to seven days of old knowledge and functionality report of the 10 most sensitive brokers. All of these elements are designed to generate costs. stakeholders the cost chain of the place of the money market site.
Speaking later, Jude Chiemeka, Chief of Commerce, NSE, said: “At NSE, we recognize that knowledge feeds on all facets of the business process. We are pleased to present the enhanced X-Data portal, which will serve as the number one source for brokers, fund managers, study analysts, other professionals and non-professional participants, such as academics and investors, to download benchmark and real-time reports for analysis, studies and reports. “
According to him, the X-Data portal provides fund managers and agents with the knowledge they want to formulate investment methods or identify arbitration opportunities, minimizing the threat and maximizing the profitability of their portfolios.
“For member businesses, educational establishments and other users, the exact source of old, real-time knowledge provided by the X-Data portal leads to high-quality studios and amazing business decisions that can help visitor relationships and generate revenue,” he said. He told me.
Chinwendu Obienyi These days it turns out that everyone can communicate about the pandemic that Array has. .
The Nigerian Diary
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