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
|FEES TYPE||BUY SIDE||SELL-SIDE|
|TRADE ALERT FEE||N4.00||N4.00|
|OTHERS: BROKERAGE COMMISSION||0.75 – 1.35%||0.75 – 1.35%|