Nigerian Exchange Limited (NGX) offers its Trading License Holders an efficient, transparent and well-regulated marketplace for the execution of trades in securities listed on NGX. It provides an opportunity for the Trading License Holders to connect their clients to exciting investment options in the Capital Market.
As a Trading License Holder, you will benefit from NGX’s high-performance, robust and scalable, multi-asset, multi-market matching trading engine (X-GEN), while enjoying first-class services combined with superior support.
All Trading License Holders of NGX are governed by the Rules and Regulations Governing Trading License Holders and compliance to the rules are paramount.
How To Become A Member
- have the relevant qualifications and have undergone training recognized and prescribed by NGX;
- be registered with NGX;
- not be less than twenty-one (21) years old;
- be of good character and integrity;
- agree to comply with such other requirements for membership as Council may prescribe from time to time;
- be recommended by a Trading License Holder who will be liable for all transactions made on its behalf on NGX by the Authorized Clerk;
- be registered as a market operator under the Investment and Securities Act, 2007.
|Product/Transaction Type||Basis of Computation||Charge (Naira)|
|Trading License Holdership Fee||Annual||40,000|
|Designated Adviser Application Fee||One off||50,000|
|Designated Adviser Accreditation Fee||Biennial||150,000|
|Trading License Transfer Fee||6% of purchase consideration|
|Rent of Trading Floor||Annual||35,000|
|ATS Training Fee||Annual||55,000|
|ATS Maintenance Fee||Annual||200,000|
|Stock Market Report||Monthly subscription||15,000|
|Trainee Clerkship Induction||Event||35,000|
|Continuous Professional Development||Event||30,000|
|Nominal Transfer Fee||0.3% of value|
N5 per million on buy side only
|Exchange Traded Fund||0.3% of consideration on the SELL side|
|Equity||0.3% of consideration on the SELL side|
|Training Fee||Depending on the Module|
|Investigation Panel Fee||Per Appearance||100,000|