​​​​​​EQUITIES MARKET STRUCTURE

Buy a stake in your choice of NSE listed Companies​
The Nigerian Stock Exchange (NSE) operates an Automated Trading System (ATS) platform with a central order book that allows Dealing Members ​to participate on equal terms, competing on the hierarchical basis of Price, Cross and Time priority. The Exchange runs a hybrid market, allowing Dealing Members to submit orders and Market Makers to submit two-sided quotes into the order book. 


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 ​Trading schedule​ ​Market hours: 9.30 to 14.30​
SESSION TIME BOARDS ORDER TYPE ORDER DURATION PRICE LIMIT
Pre-Open 9:30 ​​EQTY
ASeM​
Premium 		Limit                                                 Quotes​ Good Till Open
Good Till Date
Day












+/-10%
Pre-Open IO 9:55 EQTY                       ASEM
Premium 		Imbalance Session
Continuous Trading 10:00 ​ ​Limit
Market
Crossing 		​
EQTY
ASeM
Premium ​​		​Negotiated
Private
FAK
FOK
AON
Immediate
Day
Good Till Date
Quotes
Pre-Close ​		​
Pre-Close 14:20 EQTY
ASeM
Premium​ 		Market
Limit
Quotes 		Good Till Close
Good Till Date
Day
Pre-Close IO 14:25 EQTY
ASEM
Premium 		Imbalance Session
Close 14:30 EQTY ​ ASeM Premium - -
 ​Trading fees​ ​ ​ ​
FEES TYPE BUY SIDE SELL SIDE
NSE FEE – 0.3%
CSCS FEE​ – 0.3%
TRADE ALERT FEE N4.00 N4.00
SEC FEE 0.3% –
STAMP DUTY 0.08% 0.08%​
OTHERS: BROKERAGE COMMISSION 0.75 - 1.35% 0.75 - 1.35%
​VAT​​(7.5% of Brokerage Fees)​(7.5% of NSE + CSCS + Brokerage Fees)​
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MARKET QUALITY REPORT

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TRADING STATISTICS

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