The Nigerian Stock Exchange (NSE) has named Stanbic IBTC Stockbrokers Limited as the leading market operator in the capital market in 2014.
The stockbrokerage firm won the NSE’s chief executive officer (CEO) Award for excellence and exceptional performance by market operators in a given year as the best dealing member firm on the exchange in 2014. .
The award reinforces Stanbic IBTC Stockbrokers as the largest stockbroking firm in Nigeria in both volume and value of total transactions handled in 2014.
The market data for the year under review showed that the Stanbic IBTC Stockbrokers Limited achieved a turnover in excess of 24 billion units of shares which represented 11.42 per cent volume of shares valued at over N472 billion to lead both the volume and value tables.
Speaking on the award, the CEO, Stanbic IBTC Stockbrokers Limited, Oladele Sotubo, said the company validates the appetite and growing capacity of the stockbroking firm, leveraging on the expertise of the Stanbic IBTC Group, to provide robust services in the capital market.
Sotubo said the award and the recent listing on the Exchange of Stanbic IBTC Exchange Traded Fund (Stanbic IBTC ETF 30), are clear indications of the Stanbic IBTC Group’s focus on building a strong and vibrant stock market.
“The award reflects our strong commitment to consistently deliver relevant, innovative and timely solutions to our ever growing local and foreign clientele,” he said.
He added that the award speaks to the company’s consistent performance and efforts to remain the best-in-class capital market operator.
Source : Leadership