Markets – A stock exchange has the ability to trade different investment products (securities). As a result, a stock exchange can create different markets in which different securities trade. These markets are usually an electronic platform that can accommodate the rules for trading a specific security. The Nigerian Stock Exchange currently lists three (3) types of products on three (3) boards—equities (stock, preference stock, structured products), bonds (corporate, federal and state/local) and ETFs—that are traded on three (3) different boards.
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