The Nigerian Exchange Limited (NGX) operates an Automated Trading System (ATS) platform with a central order book which allows Trading License Holders to participate on equal terms, competing on the hierarchical basis of Price, Cross and Time priority. NGX runs a hybrid market, allowing Trading License Holders to submit orders and liquidity providers to submit two-sided quotes into the order book.
Trading schedule Market hours: 9.30 to 14.30
Trading fees
| FEES TYPE | BUY SIDE | SELL-SIDE |
|---|---|---|
| NGX 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% |