July 24, 2018/NSE
CEO’S OPENING REMARKS AT INDUCTION CEREMONY FOR NEWLY QUALIFIED DEALING CLERKS ON TUESDAY, JULY 24TH 2018 AT THE STOCK EXCHANGE BUILDING, MARINA – LAGOS
BY OSCAR N. ONYEMA, OON, NSE CEO
Good afternoon distinguished Ladies and Gentlemen. On behalf of the National Council and Executive Management of The Nigerian Stock Exchange, I welcome you to the “2018 Batch A” induction ceremony for recently qualified Dealing Clerks of The Exchange.
Seated here today are successful Dealing Clerks who have passed through The Exchange’s Automated Trading System (ATS) training faculty, made up of seasoned capital market regulators and operators (SEC, NSE, CSCS, Registrars, ASHON and CIS). The ATS training is a pre-requisite for participating in an oral examination, a rigorous exercise to ensure only suitable candidates secure the required regulatory approval to practice as Authorized Dealing Clerks of The Nigerian Stock Exchange.
It is important to note that out of 23 candidates who had already passed the Chartered Institute of Stockbrokers (CIS) examination, as well as the 15 days mandatory practical Automated Trading System (ATS) training at the NSE, 20 candidates were successful at the oral examination of the Exchange. Congratulation to you all. I believe they deserve a round of applause.
Your induction today is a testament to your years of dedication and hard work. It also marks the beginning of your journey as Authorized Dealing Clerks of The Nigerian Stock Exchange. With the extremely thorough and strict process leading to your qualification, I make bold to say that you are worthy to be practicing stockbrokers enabled to trade on any floor of The Nigerian Stock Exchange in Nigeria. I therefore welcome you all to a new relationship which faces inward – for Professionalism, Integrity, Transparency and Reliability; and outward – for Excellent Service to our investor and issuer communities.
As we continue to work on our goal of becoming a more agile and demutualized Exchange, the importance of your role cannot be over emphasized. It goes without saying that the investing community will know and judge the Nigerian capital market through your character and service innovation. The manner in which you engage and render your professional duties to your clients will go a long way in shaping the perception of our market.
We will support you in developing your capacity and businesses. However, NSE will not hesitate to wield the axe on any erring member that falls short on any of its rules. Let me be clear that we have zero tolerance policy on all infractions and I am confident that I will not get a negative report concerning any of you.
To this end, I would like to challenge you to uphold the tenets of your profession. Let your word be your bond. This would not only build and sustain a transparent and harmonious working relationship, but would also engender confidence and growth of your respective organizations and the capital market at large.
Once again I congratulate you on achieving this great feat and wish you a successful future in the Nigerian capital market.
Oscar N. Onyema, OON