NG Clearing Acquires Technology for Operations
By Goddy Egene Nigeria’s premier central counterparty, NG Clearing Limited has announced that it has signed an agreement with a leading software development firm, Mantissa Infotech Private Limited, for the development, implementation and maintenance of bespoke clearing and settlement technology for its operations. NG Clearing Limited, had received an approval-in-principle from the Securities and Exchange Commission (SEC) in September 2020, to clear and settle exchange traded derivatives instruments. Speaking on the agreement, Managing Director & Chief Executive Officer of NG Clearing Limite...