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NGX, six others begin cross-border trading

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Nigerian Exchange Limited has joined six others in the African Exchanges Linkage Project to begin cross-border trading, to integrate the African capital market and free movement of investments in the region through the AELP link platform.

In a statement made available to The LENTORLITENEWS on Monday, the Exchange said, “The go-live happened when the platform was officially switched on at 0000 UTC.

“The interconnectivity platform enables the trading of exchange-listed securities across seven participating securities exchanges.”

The AELP exchanges are the Casablanca Stock Exchange, the Egyptian Exchange, the Johannesburg Stock Exchange, the Nairobi Securities Exchange, the Nigerian Exchange, the Stock Exchange of Mauritius, and Bourse Régionale des Valeurs Mobilières.

The President, African Securities Exchanges Association, Dr Edoh Amenounve, said, “The go-live today of the AELP Link is a great milestone towards achieving ASEA’s mission to engage African capital market ecosystems in order to foster capital mobilisation, promote sustainability, and enhance financial inclusion for the benefit of Africa’s economic development.”

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