Capital Bancorp Plc, a stockbroking firm, has announced five strategic initiatives aimed at enhancing investors’ transactions in the capital market and promoting the Federal Government’s financial inclusion programme.
The firm also disclosed that it had upgraded its Bancorp e-Trade in line with the rising demand of its clients to enable them to key in their mandates directly to the Nigerian Stock Exchange.
The Head, Stockbroking, Capital Bancorp, Mrs Opeyemi Ayoola, at a press briefing in Lagos, said, “Technology drives the entire global financial market, and Capital Barcop has leveraged its innovativeness to introduce five key initiatives in order to attract more investors into the capital market.”
In her presentation, a member of the Stockbroking Operations Department, Miss Opeyemi Ojomu, listed the initiatives as Upgraded Bancorp e-Trade, Online Account Opening, Bancorp Mobile, Live Chart and Self-service Desk.
She said, “It is not uncommon that price volatility in the market makes investors unable to take advantage of some stocks instantly at particular prices. With our upgraded Bancorp e-Trade, we have been able to solve this challenge for our clients.
“The Direct Market Access allows clients to trade themselves without the intervention of the broker. They key in their mandates, which go directly to the floor of the Nigerian Stock Exchange, and mandates are executed immediately stocks are trading at clients’ limit.”
According to her, Market Watch serves as a guide in placing orders to enable investors to view live trades, real-time prices and total volumes of bid and offers on all stocks with their corresponding prices.
She said, “Bancorp Mobile is a secure trading application, offering simple and hassle-free trading across NSE/NASD equities at the click of a button. Bancorp Mobile enables you to open an account, trade, track your stock position and view transactions anytime anywhere on a mobile-friendly interface. Our Live Chat provides opportunity for instant response while the Self-service Desk enables clients that walk in to service themselves.”
Ojomu explained that the Self-service Desk had been created to enable customers to open account, place orders, check account balance, view portfolio holdings and valuation, and view real-time prices on Market Watch.
The firm’s Head, Information Technology, Mr Stephen Akande, said the technology had been designed in compatibility with Google Play to hedge against cyber fraud.
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