I noticed this question on another thread:

kingphemy: @all Can one trade on the NSE <snip> in the privacy of your home or office just using your computer without any 'middlemen'?

kingphemy: I just want to know whether you can trade from your PC conveniently without recourse to physically contacting your broker.

Can anyone help us out with this question?

Yes you can trade but you would have to be a first, a chartered stock broker.

am very much interested in this, if anyone can explain it better. What if I even have a broker to liaise with, but for to monitor things online and do my trading through the broker online. I will so much appreciate it

There are 2 levels of trading - by stockbroker and by client.

Only a chartered registered stockbroker can trade directly or remotely on the Nigerian Stock Exchange.

In order to trade your shares, you are required to place your orders with a stockbroker/ stockbroking firm. However, some Nigerian stockbroking firms now have facilities that enable you to place your order online either by email or directly on their site through an online account that you open with them.

Cheers...

Some brokers also make it possible for you to monitor the value of your stock through the account that you maintain with them, such that the value of the stock adjusts according the closing price of the stocks at the end of daily trading.

However, you can also do this by using for various sites (e.g. www.proshareng.com) for monitoring stock prices after 3.00pm each workday and use excel to monitor the effect of prices on your investments.

Seun: I noticed this question on another thread:

Can anyone help us out with this question?

For now you can only trade via a qualified licensed stock broker who purchase your stock orders and manages your portfolio..

[[online trading]] is not for now feasible in the NSE...

Seun: I noticed this question on another thread:



Can anyone help us out with this question?

Thanks seun.

It is humanly possible but,get knowledge on how it works first from an expert in Stocks.Remember,in all your gettings,get insights.

mayoroflag: There are 2 levels of trading - by stockbroker and by client.

Only a chartered registered stockbroker can trade directly or remotely on the Nigerian Stock Exchange.

In order to trade your shares, you are required to place your orders with a stockbroker/ stockbroking firm. However, some Nigerian stockbroking firms now have facilities that enable you to place your order online either by email or directly on their site through an online account that you open with them.

Cheers...

Good. Please more on the bolded.

Online platform that needs no physical interface with a stock broker?

Try https://www.meritrade.com/

This platform allows you to make buy or sell mandates in both equities (stocks) and bonds.

The Nigeria Stock Exchange allows only companies registered with it and CAC, based on some additional criteria, to trade. These companies are called stockbroking firms. The stockbroking firms trade through individuals called authorized dealing clerks who are chartered stockbrokers licensed to trade on behalf of stockbroking firms on the Nigeria Stock Exchange.

In order to improve their business reach, the stockbroking firms are leveraging on technology to enable customers to place orders to purchase or sell stocks. It is usually advertised as online trading, but it is actually placing of an order, instructing the stockbroking firm/ stockbroker to buy or sell as the case may be. Some of these firms include ARM, Meristem, to name a few.

To enjoy this service, your will run through the gamut of account opening process (just like opening an account with a bANK). Upon completion of that process, the stockbroking firm also proceed to open an online account for you where you can monitor your holdings and place orders with them. To you it is online trading, but to stockbroking firm it is just placing an order.

bigbablo: Online platform that needs no physical interface with a stock broker?

Try https://www.meritrade.com/

This platform allows you to make buy or sell mandates in both equities (stocks) and bonds.

On point.......

Presently, the answer is NO - online trading is not possible.
However, the NSE is working on a new trading platform (known as XTREME) due to be launched middle of this year (2013) that would enable online, realtime, remote trading.

TopAnalyst: Presently, the answer is NO - online trading is not possible.
However, the NSE is working on a new trading platform (known as XTREME) due to be launched middle of this year (2013) that would enable online, realtime, remote trading.

waiting for this to start trading.

If you have an account with Zenith Securities for instance, you can issue buy or sell orders online from the comfort of your living room. That's the closest you get to 'remote trading'.
I don't think anyone who's not an authorised SB can trade directly with the floor (on or offline).

I'm hoping that this becomes a reality soon.

TopAnalyst: Presently, the answer is NO - online trading is not possible.
However, the NSE is working on a new trading platform (known as XTREME) due to be launched middle of this year (2013) that would enable online, realtime, remote trading.

For satisfactory answers to this and many more questions you may have on the Nigerian Stock Market, Stock Trading, Stockbroking, etc, visit SMN on

www.stockmarketnigeria.com/forums.

Stock Market Nigeria (SMN for short) is likely the most active and informative Nigerian forum for stockbrokers, stocktraders, ordinary investors and other stakeholders in the Nigerian Stock Market.

Another wonderful site for stocks/shares News and Analysis is www.proshareng.com

stocks carry a lot of risk that you need to understand.

on this website I am about to share, you can 'try stocks before you buy stocks'

and its online trading - only it is for practice and its free, the website is http://www.easykobo.com

pls enlighten me. I need to know how dis works. Am a very young teenager but am interested in such ventures. Pls how does it work?

i love meritrade also