Exchange-Traded Derivatives Products
After conducting a comprehensive feasibility study and successfully implementing the FMDQ Derivatives Market Development Project, FMDQ Exchange has activated its Exchange-Traded Derivatives (ETD) market.
This flagship Project aims to deliver a dynamic and viable platform for ETD in the Nigerian financial markets. The FMDQ ETD market was activated with two (2) exciting products:
- FGN Bond Futures: standardised derivatives contracts that create an obligation to buy or sell an FGN bond at a predetermined price on a specified date
- Naira-Settled Exchange-Traded FX Futures : standardised derivatives contracts that establish an obligation to exchange cashflows on a specified date, based on the predetermined rate of the United States Dollar (USD) relative to the Nigerian Naira (NGN)
FMDQ Exchange will continue to introduce other ETD products with diverse underlying assets in the medium- to long-term.
| Title | Size | Download |
|---|---|---|
| FMDQ-Derivatives-Trading-Membership-Requirements | 386.46 KB | DownloadPreview |
| SEC-Approved-FMDQ-Exchange-Derivatives-Market-Rules | 466.25 KB | DownloadPreview |
| SEC-Approved-Clearing-Member-Rules | 390.63 KB | DownloadPreview |
| FMDQ-Derivatives-Clearing-Membership-Requirements | 760.79 KB | DownloadPreview |
| Title | Size | Download |
|---|---|---|
| FMDQ-Exchange-Futures-Settlement-Price-Methodology | 364.84 KB | DownloadPreview |
| FMDQ Exchange-Traded Derivatives Market Fees & Dues Framework_July 2023 | 284.54 KB | DownloadPreview |
| Title | Size | Download |
|---|---|---|
| FMDQ-Clear-Collateral-Policy | 207.46 KB | DownloadPreview |
| FMDQ-Clear-Initial-Margin-Policy | 236.00 KB | DownloadPreview |
| FMDQ-Clear-Default-Fund-Policy | 223.62 KB | DownloadPreview |
| FMDQ-Clear-Variation-Margin-Policy | 222.17 KB | DownloadPreview |
| FMDQ-Clear-Default-Management-Policy | 299.10 KB | DownloadPreview |
| FMDQ-Clear-Stress-Testing-Policy | 220.37 KB | DownloadPreview |
FMDQ Derivatives Market Podcast (“Q-Dialogue”)
Q-Dialogue, an FMDQ-dedicated colloquy, features discussions on the development of the FMDQ Exchange-Traded Derivatives market, particularly key milestones/activities, as well as products developed and introduced by FMDQ Exchange. The Q-Dialogue explores intriguing topics, opportunities, and trends in the FMDQ Derivatives market.
FMDQ Derivatives Explainer Videos
The FMDQ Explainer Videos are animated videos that provide a simplified explanation of the Derivatives Market – its history, definition, product types and users of derivatives, amongst others. They aim to provide an easy understanding of the often-complicated concept of derivatives.
To know more about the FMDQ ETD market products, please contact our Derivatives Business Group via email at dbg@fmdqgroup.com
