The Nigerian Stock Exchange (NSE) has announced the upgrade of its data portal to improve access to the market.
In a press release made available to newsmen on Monday, June 22, 2020, the Management of the NSE said the revamped portal is expected to provide a more efficient, user-friendly experience for subscribers.
According to the release, the new features include data products, subscription management, payment gateway integration and a lot more.
First introduced in 2013, the X-DataPortal is an online application that serves as a repository for real-time, delayed, end of day and historical data for all financial instruments listed on the NSE.
It is a consolidated, streamlined platform for market participants to access affordable quality and timely data, the NSE said.
Mr. Oscar N. Onyema, the NSE’s Chief Executive Officer, who expressed optimism about the portal, said the upgrade is in line with the desire of the NSE to leverage on technology to become more accessible.
“The newly enhanced X-DataPortal has, therefore, been equipped with market-focused features that will complement the NSE website and other NSE portals in response to stakeholders’ increased demand for easy access to data.
“Given the importance of Market Data in investment decisions, we remain resolute in our commitment to provide capital market participants with more channels to access relevant market information required for making investment decisions,” Onyema stated.
Mr. Jude Chiemeka, NSE’s Divisional Head, Trading Business, stated that the improved portal will serve as the first choice for quality information to people of different professions looking to access up-to-date data on the stock market.
Chiemeka said, “We are, therefore, pleased to introduce the improved X-DataPortal that will serve as a principal source for brokers, fund managers, research analysts, other professionals and non-professional participants like students and investors to get quality real-time and reference data reports for analysis, research and reporting purposes.
“We believe that the customer-centric approach we have adopted will deliver a superior customer experience in engaging with our capital market.”
The X-DataPortal provides users with additional features such as the seamless purchase of market data; easy access to customized data; instant notifications; and real-time prices.
Existing users of the portal will also be migrated to the new portal and can log in with existing credentials.
