Who We Are
NASD PLC is the promoter of
a Trading Network that eases secondary market trading of all securities of
unquoted public companies primarily in Nigeria but with a focus on the West
African region. Our intention is to stimulate
growth by easing the capital raising process.
We bring together all
stakeholders in capital flows to a common environment where interactions are
safe, efficient, transparent and appropriately priced. Operators in our environment include Issuers
of equity and fixed income instruments, Institutional and individual investors,
a growing pool of accredited Authorised Traders and their Participating
Institutions, Settlement banks, Clearing systems, private equity and venture
capital firms with a view to increasing liquidity in the unquoted segment of
the long term funding market.
The NASD OTC market facilitates
transactions through two independent trading platforms:
1. Leased
trading platform: This is a platform recently acquired by the Nigerian Stock
Exchange ("NSE") from Nasdaq OMX.This
platform allows for multilateral trading and continuous transaction reporting.NASD leased the trading platform from the NSE
and all Participating Institutions are given access to trade on this segment of
the market. Clearing is provided by the
Central Securities Clearing System while settlement is done by six appointed
Settlement banks for NASD OTC transactions.
2. BITS: This
is a bi-lateral inter-dealer trading system proprietary to the NASD
which
allows trades to be conducted and consummated between select
Participating Institutions.This web based platform allows brokers to
interact from all corners of the world.Originally BITS was used to trade
equities in all unquoted public companies,
but increasingly it has become a platform for other asset classes.
Our
universe primarily covers the trading of securities in unquoted public
companies.We believe that the number of
securities that fall into this category will continue to expand. For ease of reference,
we have categorised all economic activity into 10 different segments and have placed
each security into the appropriate segment. Please see our
segmentation of companies covered here.
We
hope that through our website and trading platforms investors can
- Discover undervalued investment opportunities;
- Monitor the trends of fast rising or specific
interest in the securities of unquoted public companies; and
- Get better liquidity for existing investments.
We welcome you to the NASD
OTC market and hope we meet your requirements.
Should there be any
specific requirement you have that is not met by our website, kindly contact us
here
