Licencing of FMDQ OTC Dealing Members. In order to fully activate its capital market presence, FMDQ OTC PLC (FMDQ) in collaboration with the Financial Markets Dealers Association (FMDA) licenced on May 21, 2014 twenty six (26) Dealing Members, comprising banks and discount houses, as a pre-requisite to their registration with the Securities and Exchange Commission (SEC). Click to view the list of FMDQ OTC first batch of licenced Dealing Members
This landmark event, hosted by the FMDQ Chairman, Mr. Aigboje Aig-Imoukhuede, CON, was well attended by the regulators- Central Bank of Nigeria (CBN), SEC; as well as the Dealing Members’ Financial Markets Supervising Executive Directors, Treasurers, Chief Dealers, Compliance Officers, Market Risk Officers and Treasury Operations Officers; other strategic media partners – notable amongst whom was the Publisher/CEO of BusinessDay, Mr. Frank Aigbogun and senior executives of Thomson Reuters
According to the Chairman, this event symbolises another step forward in the advancement of the Nigerian OTC market, aligning it with international standards. By remaining true to its vision, “To be the most liquid, efficient, secure and technology-driven OTC market in Africa by 2018 through its mission of empowering the OTC financial markets to be innovative and credible, in support of the Nigerian economy”. FMDQ will continue to champion change in the Nigerian economy by promoting the growth of the OTC financial markets within the nation.
Click to view the Chairman’s full speech
Click to view Goodwill Message from Director BSD Central Bank of Nigeria