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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 Securities Exchange Limited (FMDQ Exchange), registered by the SEC as an over-the-counter Market (2012) and subsequently as a Securities Exchange (2019), is focused on organising the markets within its purview and creating an efficient platform for the registration, listing, quotation, trading and reporting of securities and financial products.
FMDQ Clear Limited (FMDQ Clear) is Nigeria’s foremost Central Counterparty (CCP). Registered by the SEC, FMDQ Clear provides post-trade services to enhance the integrity of and eliminate the inherent counterparty risks in financial market transactions, whilst facilitating settlement finality, towards delivering capital and cost efficiencies, and de-risking the Nigerian financial markets.
FMDQ Depository Limited (FMDQ Depository), registered by the SEC, is positioned to provide a safe depository for financial markets assets, as well as facilitate settlement of capital market transactions. With innovation at the core of FMDQ Group’s existence, the efficient and integrated linkages amongst FMDQ Exchange, FMDQ Clear and FMDQ Depository guarantee seamless market making for all securities held on the FMDQ platform.
To ensure that private companies also have access to capital, FMDQ Private Markets Limited promotes the inclusion of private companies in the capital markets by providing the much-needed information in the market for private companies’ securities via its Private Companies’ Securities Portal (Restricted) and ultimately, improving credibility in the market for private issuances.
In furtherance of its product and market development mandate, FMDQ Group has instituted a fully sponsored capacity building program, FMDQ Academy, for the Nigerian financial market stakeholders – governments, regulators, operators, investing public, media and students – in support of its sustainability strategy and corporate vision. Over four thousand, six hundred and sixty-five (4,665) participants have benefitted from this free capacity building initiative which was launched in 2016. Additionally, in support of the United Nations Sustainable Development Goals, FMDQ has made strides in the inclusion of the next generation in its financial market education agenda, via its flagship corporate responsibility programme, FMDQ-Next – a learning and development initiative aimed at promoting financial market awareness and literacy among students across all levels (primary, secondary, tertiary), as well as fresh graduates.
FMDQ Group is committed to championing sustainability principles across its business, markets and communities, and implementing innovative financial market solutions, towards transforming the Nigerian financial markets to become “GOLD” (Globally Competitive, Operationally Excellent, Liquid and Diverse) in alignment with its global counterparts. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.
To be the leading African builder of ecosystems of financial infrastructure and services for markets.
We collaborate to empower markets for economic progress towards delivering prosperity.
The Board of Directors of FMDQ Group PLC is responsible for formulating vital strategies to ensure the longevity of the Group and its markets.
FMDQ Group PLC maintains an organisation philosophy that consistently aligns with the Group’s strategy and global best practices, to ensure the actualisation of its vision.
Our Group Structure thus enables the Group’s agenda to promote shared understanding, balanced allocation of responsibilities and effective monitoring of organisation output.
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