Nigerian Stock Exchange Introduces X-AlertKayode Adelowokan, LagosThe Nigerian Stock Exchange (NSE) has commenced the reduction of the cost of its Trade Alert Service by about N1.24 billion from March 2014. This will scrap the current charge of 0.6% of every trade on the exchange and introduce an enhanced notification system called X-Alert, which will be charged at a fee of N4 per transaction. This is contained in a press statement made available to journalists by the NSE, that the X-Alert is a service that will allow the investing public to know when a transaction has been made on their account. So what that does is to bring real time notification plus transparency to the market at market rates, while safeguarding against unauthorized sale or purchase of securities. “The big difference for the investing community is that rather than pay 0.12% of every trade round trip, investors will now pay a flat fee of N4.00.