SEC approves NG Clearing for exchange services dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.
NG Clearing acquires clearing, settlement technology for its operations
On
Kindly Share This Story:
Following the receipt of an approval in principle from the Securities and Exchange Commission (SEC) in September 2020, to clear and settle exchange traded derivatives instruments, Nigeria’s premier central counterparty, NG Clearing Limited, said it has signed an agreement with a leading software development firm, Mantissa Infotech Private Limited, for the development, implementation and maintenance of bespoke clearing and settlement technology for its operations.
Speaking on the development, Mr. Tapas Das, Managing Director/CEO, NG Clearing, said: “We are very excited about this deal, as the deployment of the technology platform puts us in a position to commence operations as soon as we receive final approval from the SEC. The technology platform will support the clearing and settlement of derivative instruments across various asset classes, inluding futures and options contra
By Goddy Egene
Nigeria’s premier central counterparty, NG Clearing Limited has announced that it has signed an agreement with a leading software development firm, Mantissa Infotech Private Limited, for the development, implementation and maintenance of bespoke clearing and settlement technology for its operations.
NG Clearing Limited, had received an approval-in-principle from the Securities and Exchange Commission (SEC) in September 2020, to clear and settle exchange traded derivatives instruments.
Speaking on the agreement, Managing Director & Chief Executive Officer of NG Clearing Limited, Mr. Tapas Das, said: “We are very excited about this deal, as the deployment of the technology platform puts us in a position to commence operations as soon as we receive final approval from the SEC.
ON THE GO
Wike orders restriction of movement ahead of Rivers LG poll Nyesom Wike, governor of Rivers, has ordered restriction of movement ahead of the local government election in the state.Advertisement The election is slated for Saturday, April 17 across 4,442 polling.
SEC: Discussion with CBN ongoing over regulation of cryptocurrencies The Securities and Exchange Commission (SEC) says discussion is ongoing with the Central Bank of Nigeria (CBN) over the regulation of cryptocurrencies.Advertisement Lamido Yuguda, director-general of SEC, made this known.
Assault saga: Activists threaten to sue police over failure to prosecute CCT chairman The Access to Justice (A2Justice) has threatened to sue the police over failure to prosecute Danladi Umar, chairman of the Code of Conduct Tribunal (CCT), for alleged abuse of power.Advertisement.