​​​​​EQUITIES MARKET STRUCTURE

Buy a stake in your choice of NSE listed Companies
The Ni​gerian Stock Exchange (NSE) operates an Automated Trading System (ATS) platform with a central order book which allows Dealing Members ​to participate on equal terms, competing on the hierarchical basis of Price, Cross and Time priority. The Exchange runs a hybrid market, allowing Dealing Members to submit orders and Market Makers to submit two-sided quotes into the order book. 


 ​Trading schedule Market hours: 9.30 to 14.30​
SESSION TIME BOARDS ORDER TYPE ORDER DURATION PRICE LIMIT
Pre-Open 9:30 ​​EQTY
ASeM​
Premium
Limit                                                 Quotes​ Good Till Open
Good Till Date
Day













+/-10%
Pre-Open IO 9:55 EQTY                       ASEM
Premium
Imbalance Session
Continuous Trading 10:00 ​ ​Limit
Market
Crossing
EQTY
ASeM
Premium ​​
​Negotiated
Private
FAK
FOK
AON
Immediate
Day
Good Till Date
Quotes
Pre-Close
Pre-Close 14:20 EQTY
ASeM
Premium​
Market
Limit
Quotes
Good Till Close
Good Till Date
Day
Pre-Close IO 14:25 EQTY
ASEM
Premium
Imbalance Session
Close 14:30 EQTY ​ ASeM Premium - -
 ​Trading fees ​ ​ ​
FEES TYPE BUY SIDE SELL SIDE
NSE FEE 0.3%
CSCS FEE​ 0.3%
TRADE ALERT FEE N4.00 N4.00
SEC FEE 0.3%
STAMP DUTY 0.075% 0.075%​
OTHERS: BROKERAGE COMMISSION 0.75 - 1.35% 0.75 - 1.35%
​​​  ​​​​ ​​​​