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Headline - Coronation Securities Limited, Apel Assets Limited lead Participation on the OTC Market in 2017.
Coronation Securities Limited, a subsidiary of Coronation Merchant Bank Group led Participating Institutions on the NASD OTC Market by value of transactions for the year 2017. Authorised Traders at the Institution traded 4.7 million units of shares worth ?428.31 million in 13 deals.
Other leading Participating Institutions for the year include Stanbic IBTC Stockbrokers Limited, Capital Assets Limited, Greenwich Securities Limited, Chapel Hill Denham Securities, Anchoria Investment & Securities Limited, Apel Asset Limited, TRW Stockbrokers Limited and Readings Investments Limited
Together, the top 10 Participating Institutions account for 59% of total value of transactions on the OTC Market in 2017
In addition, Apel Assets Limited ranks first by volume of shares traded on the OTC Market. Authorised Traders facilitated transactions in 360.62 million units of shares, representing 37.5% of transactions in the period.
Greenwich Securities Limited comes in second place, trading 162.67 million units of shares, while Stanbic IBTC Stockbrokers Limited closed the year in the third position, trading 102.54 million units of shares. Other top performing participating institutions by volume traded include Tyndale Securities Limited, Rencap Securities (Nigeria) Limited, Finmal Finance Services Limited, Calyx Securities Limited, ICON Stockbrokers Limited, TRW Stockbrokers Limited and Traders Trust & Investment Company Limited.
These Participating Institutions account for 92% of the volume of shares transacted on the OTC Market in 2017.
Source : http://mailchi.mp/0bd41a5a6e77/nasd-otc-weekly-newsletter-1893093