Thursday July 13 2023
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: Nigeria
On 12th July 2023, FMDQ Securities Exchange Limited and FMDQ Clear Limited announced that its exchange-traded derivatives platform has gone live.
With the support of the Securities and Exchange Commission, the Central Bank of Nigeria, and the Debt Management Office, Nigeria, go live with the introduction of the dynamic FMDQ Exchange-Traded Derivatives (ETD) Market, making it possible for market stakeholders – corporates, foreign & domestic investors and pension fund administrators – to hedge inherent financial market risks in their operational and investment activities, providing an opportunity to convert risk to financial security, which in turn will help attract capital flows, reduce cost of capital, promote market liquidity, and ultimately deepen the Nigerian financial markets.
The ETD Market goes live with two (2) pioneer products which will be traded and cleared on FMDQ ETD systems, the FMDQ Q-ex Trading System and FMDQ Q-ex Clearing System, respectively.
Click on the above link for further information
