Afrinvest introduces online trading solution

Lagos, 26th September 2014 – Afrinvest Securities Limited has announced the launch of Afrinvestor.com - a portal that enables individual investors and institutional clients to trade Nigerian stocks and other investment products online, using their personal computers and other smart devices.

Commenting on the launch of the online trading platform, Charles Egbunonwo, Managing Director of Afrinvest Securities Limited said, “Afrinvest has always placed a premium on the use of technology as a business enabler, and the introduction of Afrinvestor.com is to empower clients to take more control of their investments, supported by sound investment advice and professional guidance.”

“With Afrinvestor.com, our clients and investors will not only be able to initiate and execute trade online; they can also view (and edit) their account information and portfolio performance, access a wealth of in-depth equity research as well as market data and intelligence on companies, key sectors and the broader Nigerian economy, all from the comfort of their homes or offices."

On how to begin trading on Afrinvestor.com, Egbunonwo said, “existing clients of Afrinvest Securities Limited can request for their login credentials by sending an email to us at afrinvestsecuritiesltd@afrinvest.com. New clients, however, need to complete the online account opening form and upload required documents to set up their Afrinvest.com account and begin trading; no minimum account opening balance required.”

The move to electronic trading compared to floor trading continues to increase with many of the major exchanges the world over now doing all their business online. Benefits to investors include reduced cost of transactions, greater liquidity, greater competition, increased transparency and tighter spreads, especially for commoditised, exchange-traded instruments.

Afrinvest Securities Limited is a broker dealer and dealing member of the Nigerian Stock Exchange. It is a fully-owned subsidiary of Afrinvest (West Africa) Limited, a wealth advisory firm involved in investment banking, securities trading, asset management and investment research with a focus on West Africa.

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