The Nairobi Securities Exchange (NSE) has appointed SCL Advisory Limited to help expand customer base for its data business and shore up revenues from this stream beyond the current level of below Sh30 million per year.
The bourse announced recently that SCL will advise it on expanding its portfolio of information products and services as well as generate more value from existing and new data sets.
NSE offers premium data products to both domestic and international clients such as data vendors, investment advisors, fund managers, trading system developers and index computing companies.
Speaking on the new appointment, the NSE chief executive, Geoffrey Odundo said that, “SCL Advisory Limited will play a significant role in expanding our data client base and cementing our position as a leading Exchange in providing reliable and credible market information to our International and local investors”.
He added that, “the appointment will also support the NSE grow its data business line as we seek to diversify the Group’s revenue streams for optimal shareholder value.”