​​​​​ETFs Market Structure

​​Add variety to your portfolio​ ​
ETFs can be bought and sold on The Nigerian Stock Exchange through any of our Dealing M​​embersThe 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​TimeOrder TypeActivitiesOrder DurationPrice Limit
Pre-Open9:30Limit QuotesOrder Entry/Amendment/WithdrawalGood Till Open+/-10% for Equity ETFs only
Calculate TOP/TOV (Visible to Market Control)Good Till Date
 Day
Continuous Trading10:00Limit
Market
Crossing
Negotiated
Private
FAK
FOK
AON
Quotes
Order Entry/​Amendment/MatchingImmediate
Day
Good Till Date
Pre-Close
Close14:30---
End of Day15:00---



 ​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%
​​​​