Reuters Invests in Africa and Partners with Nigerian Stock Exchange
As African markets become even more dynamic, Reuters has been expanding its investments in the continent to deliver news, insights and data for the rapidly expanding community of financial professionals focused on Africa. Nigeria is the latest beneficiary in this direction, as Thomson Reuters last week began offering real-time data from the Nigerian Stock Exchange (NSE), increasing equity trading opportunities for its global clients.
The introduction of real-time market data for investors and traders using Reuters 3000 Xtra includes the bid and ask price, volumes, latest trades and market depth information in equities and indices listed on the NSE.
More than 210 companies are listed on the Nigerian Stock Exchange. Until now the NSE market data provided by Thomson Reuters was updated once a day, after market close. Nigeria is the latest African exchange that Thomson Reuters has switched to real time data, following Kenya ’s Nairobi Stock Exchange.
Busisa Jiya, Manager for Africa, Thomson Reuters, commented, “This move is an acknowledgement of the development of the financial markets in Nigeria. Thomson Reuters clients will now be able to make more effective trading decisions using real-time data on equities traded on the Nigerian Stock Exchange. This enhancement will be closely followed by real time data for bonds in the new year”
Part of Reuter’s investment expansion in Africa includes creating new posts in South Africa, Kenya, Nigeria and Ghana, so they are able to deliver exclusive content. Subscribers now get updates through the day on share price moves and other news from South Africa, Nigeria, Kenya, Mauritius and Ghana.
Reuters has also expanded economic polling to several African countries. Additions to Reuters data from Africa, include Bond Benchmark curves for Botswana and Ghana, Real time cover for Nairobi Stock Exchange, expanded corporate actions coverage in Zambia, Ghana, Ivory Coast, Zimbabwe, Uganda as well as public equity offerings on M&A activity in 10 African countries
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. It combines industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan , Minnesota , Thomson Reuters employs more than 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange and New York Stock Exchange.