NGX To Promote Derivatives Market With Single Stock Futures Workshop

Nigerian Exchange Limited (“NGX” or “The Exchange”) is set to host a derivatives workshop in partnership with institutional investors and capital market stakeholders aimed at educating investors and other stakeholders on trading of Single Stock Futures on its Exchange Traded Derivatives (ETDs) market.

The workshop will entail the importance, applicability and nuances of trading Single Stock Futures on NGX as well as risk management, clearing & settlement, and the assurances that the ecosystem provides to players in the derivatives market. Key players within Nigeria's capital market, including institutional and retail investors, Asset Managers, PFAs, regulators, Banks, as well as various Capital Market Operators are expected to attend.

Featuring a series of panel discussions and informative sessions, the workshop will kickoff via a webinar themed “Uncovering Trading Opportunities in NGX Single Stock Futures” on Tuesday, 24 October 2023. Interested participants may register to attend here: NGX Derivatives Workshop.

Speaking about the webinar, the Executive Director, Capital Markets, NGX, Mr. Jude Chiemeka, noted, “At NGX, we recognize that the concept of Single Stock Futures in the Nigerian capital market is relatively nascent, contributing to a noticeable gap in knowledge and sophistication. To address this, the Exchange is organizing this webinar aimed at shedding light on the untapped potential of Single Stock Futures trading in the derivatives arena.

“We have brought together a diverse panel of industry experts, institutional investors, and market participants who will delve into the practical aspects and opportunities associated with trading Single Stock Futures on the Exchange. Our ultimate goal is to enhance understanding and awareness surrounding derivatives trading, thereby contributing to the growth of the market."

Some of the confirmed speakers for the event include Mr. Farooq Oreagba, Managing Director and Chief Executive Officer, NG Clearing Limited; Mr. Gabriel Olumide Odediran, CEO, Page Investment Managers; Mr. Aigbovbioise Aig-Imoukhuede, President, Fund Managers Association of Nigeria (FMAN); Mr. Biodun Adebimpe, President, Association of Asset Custodians of Nigeria (AACN).

Also speaking are Mr. Oguche Agudah, Chief Executive Officer, Pension Funds Operators Association of Nigeria (PENOPS); Ms Kgabo Molabe, Specialist Structured Products, Capital Markets, Johannesburg Stock Exchange (JSE) and Mr. Justus Ogalo, Derivatives Manager, Nairobi Securities Exchange.