Capital Bancorp Plc has set a strategy to ensure that its e-Trade platform increases investors’ participation in the capital market.
The platform, which started operations in July, 2013, has grown the number of its registered clients by 56 percent between January and June 2014.
Speaking at the official launch of the platform in Lagos , the chairman of the company, Olushola Mobolurin explained that the company was poised to leverage existing technology to make trading in shares and bond more transparent and inclusive in order to attract more retail segment of the market.
“Because investors want transactions done quickly as possible, the platform will make trading in shares and bond closer to everyone and it would also reduce the implicit costs of trading in shares and bonds. You can see what is happening in the market real time and it also provides opportunity for investors to monitor the implementation and follow up investment dealing at any time.”
On the risk management framework, Mobolurin explained that the platform was designed in such a way that every action on the platform is reported to designated emails.
Also speaking, the Managing Director of the company, Aigboje Higo said the value and commission recorded on the platform has grown by 322.9 per cent in the last six months.
According to him, the e-Trade platform of the company expands the scope of on-line transactions that covers all products an investors may need to invest in.
He added that the platform is maintained and upgraded to ensure that it is capable of staying ahead of new and emerging technology.
