NSE joins Financial and Information Services Association
The Nigerian Stock Exchange (NSE) has announced that it has been appointed as an Executive Committee (EC) member of the Financial and Information Services Association (FISD), a division of the Software and Information Industry Association (SIIA). The appointment which is for a two-year term, beginning January 2020, will have Olufemi Balogun, Head, Market Services Department represent the Exchange. This appointment was communicated to the NSE by Tracey Shumpert, Director of Member Services on February 4, 2020.
SIIA is an umbrella association representing 800+ technology, data and media companies globally. Industry leaders work through SIIA’s divisions. As a division, FISD is a global forum for industry participants to address issues and challenges that impact the key players in the value chain including consumer firms, third party groups, and data providers. Through in-person and online business development opportunities, peer networking, corporate education, intellectual property protection and government relations, FISD supports members to identify the trends that will shape the industry segment and create educational opportunities and initiatives to address them.
The Executive Committee of FISD, which is an equitable representation by each of the three FISD broad constituencies — exchanges, vendors and user firms, is charged with representing FISD membership and setting the broad direction for FISD activities. The committee will review and approve new initiatives, provide guidance to working groups and the FISD/SIIA staff, identify priorities for the FISD budget and staff resources, and select new Executive Committee members when vacancies open.
“Our membership of FISD aligns with our commitment to provide local and international stakeholders with accurate, reliable and timely market data. We have a suite of Market Data products that provide professionals and non-professionals such as the market intermediaries, issuers and investors, with easy access to market information for quick analysis on their investment. We are, therefore, pleased with this appointment as it strategically positions the NSE to further influence Market Data industry policies”, Onyema Onyema, NSE’s CEO, said.
Positioned as a data hub for innovation, the NSE continues to invest in the latest technology tools and data products to provide value to its clients. The latest product is the Investors Relations Data pack, launched in July 2019. The IR Data Pack is an innovative and dynamic webpage integrated with key market data, corporate news and disclosures, for corporate issuers. It is a necessary tool required by issuers to improve their engagement with investors.