FMDQ Licences New Associate and Registration Members. To validate the hypothesis of an integrated capital market, FMDQ OTC PLC (FMDQ), on November 21, 2014, licenced a new batch of Members to its platform. The Members consisted of institutions in the Associate Members and Registration Members categories.
Under the Associate Member category, a total of thirteen (13) institutions were licenced, comprising two (2) Inter-Dealer Brokers, six (6) Brokers and five (5) Clients. Under the Registration Member category, a total of twenty-three (23) institutions, comprising twelve (12) in the Listings sub-category and eleven (11) in the Quotations sub-category, were also licenced.
The licencing of this new batch of FMDQ Members symbolises another step towards the fulfilment of FMDQ’s mandate of promoting the growth of the Nigerian financial markets and aligning the markets with international standards.