Burr spoke at the commencement of the special training by Chartered Institute of Stockbrokers (CIS) and CISI on commodity derivatives. “Nigeria is a great interest because it is such a large and expanding economy. In that respect, its stock exchange reflects that and the good thing is that it is one of the fastest growing stock exchanges and London investment community will be looking at it very closely,” he said.
Speaking on the capacity building, he said CISI has a wide network internationally, hence, members of the CIS would benefit immensely from this network after the ongoing training. He commended Nigeria’s capital market professionals for their strong professional background.
Also speaking, the President, CIS, Mr. Oluwaseyi Abe explained the justification for the training, saying participants would have a first introduction to financial services regulation focusing on financial crime, insider trading and market abuse, and an understanding of ethical behaviour and acting with integrity.
“They will learn practical trading strategies and techniques in various commodity markets, understand core price drivers, characteristics of risks, rationale for investment and the use of commodity derivatives.
“They will have a broad understanding of the economic environment wherein the financial services industry operates and how economic activities are determined and managed in different economic and political systems,” Abe said.
Speaking on the need for Nigeria’s Stockbrokers to trade on international markets, CIS’s Second Vice President ,Mr. Tunde Amolegbe noted that some Nigeria’s banks were already listed offshore and this implying that at individual levels, stockbrokers in Nigeria must brace up for offshore trading.