Become an Exchange Member
WHO WE ARE
FMDQ Group PLC (“FMDQ Group”), has evolved over the years from an OTC Market to a full-fledged Securities Exchange, to a budding financial market infrastructure (FMI) Group, now structured as a Securities and Exchange Commission (SEC)-registered Capital Market Holding Company, warehousing five (5) wholly owned subsidiaries, including FMDQ Securities Exchange Limited (Nigeria’s Largest Exchange by Market Turnover – with an annual average of c. ₦177.49 trillion over the last ten (10) years), FMDQ Clear Limited (Nigeria’s Foremost Central Counterparty – with c. $67 billion derivatives contracts cleared), FMDQ Depository Limited (Nigeria’s Integrated Securities Depository), FMDQ Private Markets Limited (Nigeria’s Private Capital Information Repository) and iQx Consult Limited (an Information Technology Services Company).
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FMDQ IN THE ECOSYSTEM
In delivering on its transformation agenda for the Nigerian financial markets, FMDQ Group continues to play key strategic roles in the markets, guided by its five (5) sustainability pillars, encouraging sustainable economic growth and development, towards delivering prosperity for Nigeria, Nigerians, and other market participants.
MARKETS, PRODUCTS & SERVICES
Primary Market
FMDQ facilitates capital formation by creating innovative capital-raising opportunities/channels for issuers, while delivering efficient, client-friendly, cost-effective and transparent securities admission processes.
Listings and Quotations
Securities Noting
Listings and Quotations
We provide a platform for the efficient registration, listing/quotation, trading and valuation of debt securities such as bonds, funds, commercial papers and other short-term debt securities, among others. By laying the foundation for sustainable and efficient financing in the Nigerian debt capital market, we offer improved market credibility, continuous information disclosure, enhanced secondary market liquidity, and effective price formation to issuers, investors, financial market regulators, etc.
Securities Noting
We offer a robust seamless and efficient Noting Service which provides the opportunity for private companies to access short to long term capital in the Nigerian Debt and Equity markets.
MARKETS, PRODUCTS & SERVICES
Trading
We provide bespoke integrated trading venues and systems that facilitate enhanced price formation, transparency, trading efficiency and liquidity for market participants.
Markets
Markets
We organise and facilitate markets covering a wide range of products including fixed income (bonds, fund, notes, commercial papers), currencies, and derivatives, delivering unrivalled value-added services that promote market efficiency and integrity.
MARKETS, PRODUCTS & SERVICES
Post Trade
We offer a vertically integrated solution in all our markets, providing clearing, clearing risk management, collateral management, asset servicing, settlement processing and reporting services for on-exchange and certain over-the-counter transactions.
CCP Clearing
Settlement
Collateral Management
Risk Management
Asset Safe Keeping
CCP Clearing
We operate a world-class Central Counterparty, with a robust risk waterfall supported by strong governance & risk frameworks to clear products in the cash, repos and derivatives markets.
Settlement
Our financial market infrastructures operate settlement systems that ensure finality, certainty and irrevocability of settlement across all products traded and cleared on FMDQ’s platform, as well as depository services for mitigation against operational risks associated with maintaining financial instruments |
Collateral Management
We facilitate Collateral Management in the Repo and Derivatives markets as a risk management tool to manage the counterparty credit risk exposures towards upholding the integrity and stability of the markets |
Risk Management
FMDQ Clear provides robust and prudent risk management services for the operationalisation of its Central Counterparty mandate in the Nigerian financial market and beyond.
Asset Safe Keeping
We facilitate the onboarding and safekeeping for securities including bonds, treasury bills, commercial papers, mutual funds, equities and other asset classes, with uncompromisable safe keeping of assets and maintenance of detailed ownership records through electronic book entries.
MARKETS, PRODUCTS & SERVICES
Data and Information
We provide a broad range of real-time, delayed, and historical market data feeds through our innovative and efficient knowledge centre, FMDQ e-Markets. FMDQ recognises that data drives decisions; and therefore, offer data services by aggregating trade, clearing and depository transactions for the Nigerian fixed income, currency, and derivatives markets.
Data Subscription
Data Redistribution
Indices
Benchmarks
Data Subscription
As an information repository for the Nigerian fixed income, currency, and derivatives markets, we meet the increasing need for data, information, and analytics, and provide accurate and insightful comprehensive financial market data, pre- and post-trade information services, among others, for the benefit and use by our stakeholders. |
Data Redistribution
We offer a data redistribution service through third parties (Market Data Vendors) to disseminate key market data covering real-time, delayed and end-of-day data to individuals and corporations. |
Indices
Providing accurate and relevant index offerings that represent the depth and complexity of the Nigerian financial markets. With a rigorous construction process and consistent methodology, our indices are reliable benchmarks for tracking investment performance. |
Benchmarks
As an administrator within the definition of the International Organisation of Securities Commissions (“IOSCO”) Principles for Financial Benchmarks (“PFB”), FMDQ Exchange currently administers three (3) Benchmarks in the Nigerian financial markets, namely:
- The Nigerian Autonomous Foreign Exchange Fixing (NAFEX)
- The Nigerian Inter-Bank Offered Rate (NIBOR)
- Nigerian Inter-Bank Treasury Bills True Yield Fixing (NITTY)
₦
0
trillion
Average Annual Market Turnover
0
Members
Across the Nigerian Financial Markets
0
Listed/Quoted/Noted Corporate Debt Securities
valued at ₦9.17 trillion (circa $5.95bn)
valued at ₦9.17 trillion (circa $5.95bn)
0
Listed/Quoted Federal Government of Nigeria Debt Securities
valued at ₦179.44 trillion ($402.58bn)
valued at ₦179.44 trillion ($402.58bn)
- Over
$
0
billion
Cleared USD/NGN NDFs Traded
₦
0
billion
FGN Bond Futures Traded
$
0
million
Exchange-Traded FX Futures Traded
Figures as @ September 30, 2024
OUR PERFORMANCE
With a strategic mandate to transform the Nigerian financial markets, FMDQ Group has championed the introduction of several initiatives to the Nigerian financial markets through a range of business services in fulfilment of its market development, organiser and governance mandates, whilst addressing the needs and adding value to its diverse stakeholder groups.
Corporate Responsibility
As a socially responsible organisation, FMDQ remains involved and committed to supporting the well-being of its stakeholders, through its sustainability and corporate responsibility agenda.
MEDIA CENTER
FMDQ in the News
Media Library
Corporate Events
FMDQ in the News
Media Library
Corporate Events