Exchange-Traded Derivatives to go live in July – FMDQ

FMDQ Securities Exchange Limited is set to introduce its dynamic Exchange-Traded Derivatives (ETD) market, on Wednesday, July 12, 2023. 

FMDQ Securities, a wholly owned subsidiary of FMDQ Group PLC, is launching live with the support of the Securities and Exchange Commission (SEC), the Central Bank of Nigeria CBN, FMDQ Clear Limited, and critical market participants.

The ETD market will go live with three (3) products – the Federal Government of Nigeria Bond Futures, Treasury Bills Futures, and Open Market Operation Bills Futures. 

It is expected that these products will deliver the dividends of derivatives markets by serving as useful risk management tools, supporting price discovery, competitiveness, and market efficiency, which in turn will help attract capital flows, reduce the cost of capital, promote secondary market liquidity, and ultimately deepen the Nigerian financial markets. 

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As market participants position themselves to take advantage of the emerging novel segment of the financial markets, FMDQ Exchange is working with its twenty-one (21) Dealing Members (DMs) – three (3) DMs with full licences and eighteen (18) DMs with Approval-in-Principle – to participate in the FMDQ ETD market as its pioneer Derivatives Trading Members (DTMs).