NASD’s remote trading goes live

Determined to enhance speedy, efficient, transparent and global service delivery, NASD Plc has announced full commencement of remote trading in consonance with its business continuity policy.

As a practical proof of its capacity and readiness for seamless remote trading, leveraging on modern Information and Communications Technology (ICT) equipment, the company’s staff operated from their respective homes on Friday.

Coming on the heels of global concerns on the need for social distancing following outbreak of coronavirus, market watchers at the weekend commended the company, describing the full-blown transition to remote trading as timely and historic.

In a statement forwarded to securities dealers at the weekend, NASD’s Managing Director and Chief Executive Officer, Bola Ajomale explained that the company had the capacity to operate irrespective of the current challenges militating against businesses globally.

“NASD is today running a Business Continuity Planning Test. Your market successfully opened at 10 a.m and will run remote throughout the day – with all staff operating from their respective homes.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.