Integrating West African stock exchanges could boost liquidity: Ade Bajomo, Executive Director, Market Operations & Technology, Nigerian Stock Exchange

Ade Bajomo, Executive Director, Market Operations & Technology, Nigerian Stock Exchange

The development of a common platform for cross-border listing and trading in West Africa will create “broader and deeper liquidity”, according to Ade Bajomo, executive director of market operations and technology at the Nigerian Stock Exchange (NSE).

The initiative is being developed by the West African Capital Markets Integration Council (WACMIC), launched in January 2013. It will integrate West African capital markets – with member exchanges including the NSE, Ghana Stock Exchange and the BRVM (serving eight francophone West African countries) – by establishing a harmonised regulatory environment and a common platform for the cross-border issuance and trading of securities.

Speaking at the SWIFT African Regional Conference in Cape Town last week, Bajomo said the initiative will allow capital market operators across West Africa to operate using a common “passport”.

Read more: Integrating West African stock exchanges could boost liquidity

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