Tag Archive for 'stockbrokers'

Africa’s jumbo stock exchanges to link in 2019?

An ambitious project to link Africa’s 7 biggest securities exchanges is moving to implementation with a call this month for a project manager for the coming year. The African Exchanges Linkage Project (AELP) aims to transform the number of trades on exchanges and investment flows across Africa by creating a platform so an investor in […]

London Stock Exchange allowed to give Hong Kong brokers direct access

The London Stock Exchange has a licence from Hong Kong Securities and Futures Commission so Hong Kong stockbrokers can join as direct members and trade in LSE-listed stocks and bonds.

Nigeria’s SEC asks for comments on exchange demutualization

Nigeria’s Securities and Exchange Commission published rules on demutualization of securities exchanges on 20 February, with a 2-week deadline for comments.

Regulators discuss East African bookbuilding and stockbroker licences

The regional forum, the East African Securities Regulatory Authorities (EASRA), is seeking to create a harmonized licensing framework for the region for brokers and dealers, and has also approved draft regulations on book-building for adoption by its members. The draft book-building regulations are to be shared with stakeholders in the member States and their views […]

Nigerian Stock Exchange asks stockbrokers to recapitalize

The Nigerian Stock Exchange is warning stockbrokers that they must meet capital adequacy requirements. Dealing members and stockbroking firms require a capital base of N1.5 billion (US$9.8 million), while issuing houses are required to have N5 bn.