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FIA New Member Profile – FMDQ Group

7 June 2021

Member name: FMDQ Group

Firm overview: Financial market infrastructure group

Role in derivatives markets: FMDQ Group is Africa’s first vertically integrated financial market infrastructure group operating the largest securities exchange in Nigeria, with an average annual turnover of $564 billion over the last seven years. It provides a platform for the registration, listing and quotation of securities as well as trading, clearing, settlement and risk management of financial market transactions. FMDQ also offers data and information services through its wholly owned subsidiaries FMDQ Securities Exchange Limited, FMDQ Clear Limited and FMDQ Depository Limited. FMDQ Group’s most prominent derivatives offering is its OTC FX non-deliverable forward product, which is traded solely on FMDQ Securities Exchange Limited, and cleared and settled by FMDQ Clear Limited. Participants in this widely traded product include the Central Bank of Nigeria, as well as institutional and foreign investors. FMDQ is also positioned to launch its new FX and interest rate futures products in the near future.

More Information: FMDQgroup.com

The text in this Member Profile was provided by FMDQ Group, with the purpose of informing the industry about FIA’s membership and who we’re supporting with our work. Explore the full list of FIA’s members, or for more information, please contact Myriam Condon at mcondon@fia.org.

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