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Cross-border trading: NGX joins African stock exchanges

17/05/2022
Categories: Companies

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The Nigerian Exchange Limited (NGX) joins African exchanges to facilitate the cross-border trading platform and free movement of investments on the continent. In total, four exchanges were successfully connected to the live environment of the Link trading terminal.

 

Four exchanges (NGX, BRVM, CSE and EGX) have been successfully connected to the live environment of the Link trading terminal as the onboarding process continues for the other exchanges. The other African exchanges participating in the Phase 1 cross-border trading initiative are: the Regional Stock Exchange (BRVM, comprising eight West African countries), the Casablanca Stock Exchange (CSE), the Egyptian Stock Exchange (EGX), the Johannesburg Stock Exchange (JSE), Nairobi Securities Exchange (NSE) and Stock Exchange of Mauritius (SEM).

The AELP is a flagship project of ASEA and the African Development Bank (AfDB) that aims to facilitate cross-border exchanges between seven participating exchanges and certain brokerage firms. Through the coordination of stock exchanges and the African Association of Investment Dealers and Dealers (ASSDA), 30 brokerage firms have confirmed their participation in the pilot phase.

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