News Column

Capital Bancorp Floats Trading Platform for Equities, Bonds

July 11, 2014

Eromosele Abiodun

To encourage local investors to return to the capital market, Capital Bancorp Plc has launched an online trading platform that will enable investors' trade in money and capital market instruments such as equities and bonds.

In a chat with newsmen in Lagos yesterday, Managing Director of the company, Mr. Aigbogie Higo, stressed that the market needs to revive the interest of local investors in the stock market, hence the need for a platform that will enable them trade with as low as N1000.

He said the Bancorop e-Trade platform is an inventive retail stockbroking online service offering, carefully crafted to provide access to stockbroking services for the busy executives and upwardly mobile young adults. Bancorop e-Trade, he added, is also a platform to encourage financial inclusion for the investing public through user friendly and simple online interface.

According to him, "It is about the ease of stockbroking transactions from the comfort of homes or offices as you are only a click away via your handheld, portable tablet or the good old computer system. The platform gives ease of access, which means that investors will have 24/7 access to their portfolio position and cash statement."

On the benefits of the platform for investors, he said it will help to reduce the cost of doing business for investors in the capital market adding that travelling and opportunity costs will also reduce.

According to him, "It will also give convenience i.e. investors don't need to visit our office to do transactions. There is increased transparency because investors can see what is happening in the market real time. Our affordable start-up plan enables investors to start trading with as low as N1000.

"Through the Bancorop e-Trade, investors will have access to the latest market data to enable accurate order instruction and avoid errors and lack of clarity of orders or signature forgery and theft of investors shares."

The platform, he added, provides an opportunity for investors to monitor the implementation and follow-up investment dealings at any time.

Capital Bancorp, he stressed, is one of the foremost financial and professional services providers in Nigeria.

"Capital was borne of the perceived need to enhance the accessibility of industry, commerce and individuals to capital, whether loan or equity and high-grade investments. We are a Central Bank of Nigeria licensed multidisciplinary finance house and a member of The Nigerian Stock Exchange.

"The company is registered with the Securities and Exchange Commission (SEC) as an issuing house, investment adviser, broker/dealer and portfolio manager. CBL was incorporated on the June 13, 1988 and today has an authorized share capital of N500,000,000 with issued capital of N378.40 million," he said. Caption:"FCMB logo

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Source: AllAfrica

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