​​​​​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
Trading
Sessions
Start End Order Entry Participating
Order Types
Participating
Order Duration
Price
Limit
Pre-Open 9.30 10.05 Trader Limit Session (Good Till Open)
Good Till Date
Day
+ or -
5%
Pre - Open Adjust 10.05 10.15 Market Makers Market Makers Quote

 

N/A

Continuous Trading 10.15 14.29 Trader and Market Makers Market
Limit
MM Quote
Negotiated Deals
Crossing Orders
Immediate
Day
Good Till Date
Pre-Close
+ or -
5%
Pre -Close Adjust 14.29 14.30 Market Makers Market Makers Quote N/A
Close 14.30 14.30 N/A N/A N/A
 ​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%
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