The Divisional Head, Capital Markets, Nigerian Exchange Limited , Mr. Jude Chiemeka on has restated the Exchange’s commitment to positioning the Nigerian capital market as a global investment destination for stakeholders.
In his remarks, he noted that, “As an agile exchange, NGX is committed to enhancing the competitiveness of the Nigerian capital market as a global investment destination. The webinar, which is geared towards educating market operators, investors and other stakeholders about the design and benefits of Index Circuit Breakers would also examine the unprecedented event of November 12th, 2020 when the NGX Index Circuit Breaker was triggered for the first time since its introduction in 2016”.
Financial Economists World Federation of Exchanges , Kaitao Lin, in his presentation said “Circuit breakers can achieve an improvement in market quality, such as a reduction in volatility, an increase in liquidity, or a more efficient price discovery process. However, circuit breakers often do not have any significant impact on prices as they do not stop a fall in prices”.