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FMDQ Exchange provides a comprehensive set of market insights and information to address your needs with pricing, analytics, and exchange data in a secure market data portal, e-Markets Portal. We provide a range of reliable and transparent market data products to market participants and data distributors. Our datasets cover a range of asset classes, delivered securely to help you address your investing, trading, compliance and risk management requirements.
INDICES
An index is a pool of securities chosen to track an investment theme, such as an asset class or segment, sector, industry, or even strategy. Generally, the goal is to accurately represent the risk/return profile of that theme without necessarily holding every security that might qualify.
Fixed income indices are statistical measures of the value of a selection of fixed income securities which are computed. They measure the performance of the bond market and the short-term money market, allowing investors to gain insight into the performance of the asset class or segment of the asset class on which they are built. They are used as the basis for index-linked investment products and to benchmark the performance of portfolios designed to replicate the performance of a given asset class.
To provide world-class indices for the Nigerian financial markets, FMDQ activated a strategic partnership with S&P Dow Jones Indices to develop and publish co-branded fixed income indices.
The co-branded indices will track the performance of Nigerian fixed income securities listed on FMDQ Securities Exchange Limited, providing market participants with a transparent and comprehensive series of benchmarks to measure the performance of various issuer categories in the fixed income segment of the FMDQ markets. Market participants will also be able to use the co-branded indices as tools in the creation of index-linked products and derivatives. The co-branded indices shall be calculated and published in Nigerian Naira and United States Dollars.
BENCHMARKS
FMDQ Exchange methodologies are a set of procedures applied to derive and calculate daily fixings and closing rates/prices. The determination and calculation of fixings and closing rates/prices include validation processes.