Meristem Securities Limited has introduced a platform meant to stimulate investorsâ€™ interest in stock trading in particular and the capital market in general.
Called MeriGame, the platform was launched to bridge an identified gap between practice and actual trading.
Speaking at the public presentation of the platform at the Nigerian Stock Exchange (NSE) in Lagos, yesterday, the Group Chief Executive Officer of Meristem Securities Limited, Mr. Wole Abegunde, the platform is the exact replica of our MeriTrade platform giving access to trade all available stocks on the floor of the NSE.
He said:â€Merigamewww.game.meritrade.com was launched to bridge an identified gap between practice and actual trading. Stock trading by oneself is generally perceived to be scary and doubt-ridden. MeriGame is here to demystify the process while setting users up to trade real-time confidently.
According to him, users get funded with virtual funds to simulate financial capacity in real life trading as well as regular tips and recommendations to guide them in making choices on stock trading.
â€œThat is not all, the platform has an ongoing championship game tagged â€˜MeriGame Championship.â€™ The championship rewards the top three winners financially with N100,000 at the end of each conclusive period. The winners of this game are the top three traders with the highest returns on the platform,â€ he said.
He explained that on MeriGame, users get to practice how to buy stocks under real market conditions without burning a finger or finance while standing a chance to win financial reward.
He said the game even gets more interesting with a referral system that allows users refer people and get more virtual funds in return to increase their purchasing power on the platform.
â€œMeriGame also has a community forum that allows users and admin relate and get further clarifications about the platform and market trends amongst other general issues even lifestyle issues,â€ he said.
Abegunde added that ultimately, users can always become a pro at self-trading and migrate into real market at MeriTrade and trade for returns for a successful financial future.
Some of the users of the MeriGame testified to the benefits they have gained since the introduction of game, saying they now getting to understand how the market works.
Meanwhile, the trading at the stock market was bearish yesterday as the NSE All-Share Index depreciated today by 0.81 per cent to close at 36,669.61 , compared with the appreciation of 0.33 per cent recorded the previous day.