We collaborate to empower markets for economic progress towards delivering prosperity.
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. ₦169 trillion over the last nine (9) years), FMDQ Clear Limited (Nigeria’s Foremost Central Counterparty – with c. $64 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).
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.
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.
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.
We provide bespoke integrated trading venues and systems that facilitate enhanced price formation, transparency, trading efficiency and liquidity for market participants.
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.
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
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
FMDQ Clear provides robust and prudent risk management services for the operationalisation of its Central Counterparty mandate in the Nigerian financial market and beyond.
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.
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.
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.
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.
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.
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:
Figures as @ October 31, 2023
Become an Exchange Member
Become a Depository Participant
Become a Clearing Member
FMDQ Exchange Lists Lagos State Government ₦19.82 billion Forward Ijarah Lease Sukuk on its Platform
FMDQ Exchange Admits Lionseal Industries Limited’s ₦10.00 Billion Commercial Paper Programme on its Platform
Zylus Homes and Property Limited Taps the Capital Markets, Registers Commercial Paper Programme on FMDQ Exchange
FMDQ Exchange Admits Saroafrica Funding SPV PLC Commercial Paper Programme on its Platform
2022 FMDQ-Next Summer Camp Programme Highlights
FMDQ 10th Anniversary Celebration for Staff – November 7, 2023
FMDQ 10th Anniversary Celebration
FMDQ 2023 Q-lympics