{"id":27953,"date":"2018-11-05T15:28:33","date_gmt":"2018-11-05T14:28:33","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=27953"},"modified":"2018-11-05T15:28:33","modified_gmt":"2018-11-05T14:28:33","slug":"fmdq-commemorates-its-fifth-year-anniversary","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fmdq-commemorates-its-fifth-year-anniversary\/","title":{"rendered":"FMDQ Commemorates Its Fifth Year Anniversary"},"content":{"rendered":"

\u2026Set To Host Maiden Gold Awards For The Fixed Income, Currencies And Derivatives Markets<\/p>\n

In what became a much-talked about market event, the Nigerian financial market regulators,
\narchitects and founding treasurers, subject-matter experts and indeed, a host of other domestic and
\ninternational stakeholders gathered to witness the launch of a game-changing market infrastructure, FMDQ
\nOTC Securities Exchange (\u201cFMDQ or the OTC Exchange\u201d), onto the Nigerian financial markets landscape, on
\nNovember 7, 2013.<\/p>\n

This marked the beginning of a unique and much-needed revolution for the Nigerian
\nfinancial markets, particularly the fixed income, currencies and derivative markets space, which market
\nanalysts believe have witnessed an unprecedented and favourable change \u2013 increase in operational
\nefficiency, reduction in transaction costs, product innovation, market development, and increased
\nopportunity for creation of diversified market activities, amongst others.<\/p>\n

The OTC Exchange, having sustained its commitment through the years to transform and make the Nigerian
\nfinancial markets \u201cGOLD\u201d \u2013 Globally Competitive, Operationally Excellent, Liquid and Diverse, with the
\ninvaluable support of market regulators including the Securities and Exchange Commission and the Central
\nBank of Nigeria, among others, and stakeholders including the Financial Markets Dealers Association, will on
\nWednesday, November 7, 2018, turn five (5)!<\/p>\n

To commemorate five (5) years of innovation, resilience, valueadding
\nand most importantly, immeasurable collaboration with its varied stakeholder groups, FMDQ has
\nannounced that it will be embarking on a modest week-long series of commemoration activities, culminating
\nwith the Inaugural FMDQ GOLD Awards on November 9, 2018, a first of its kind in the Nigerian fixed income,
\ncurrencies and derivatives markets, geared at recognising the commitments and invaluable contributions of
\nFMDQ\u2019s market participants and stakeholders who have contributed towards the growth and development
\nof the markets.<\/p>\n

According to the Associate Executive Director, Corporate Development, Ms. Kaodi Ugoji, \u201cIt has been an
\nextremely challenging but exciting run-up to five (5) years, from inception in November 2013 to date, for the
\nOTC Exchange.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

From the activation of the FMDQ Listings and Quotations Franchise which saw the eventual
\nlisting of pioneer debt securities, including but not limited to the sovereign Eurobonds (first on a domestic
\nsecurities exchange), Green Bonds & Sukuk on the platform of the OTC Exchange; to product and market
\ndevelopment with the introduction of Short-Term Bonds, rejuvenation of the Commercial Papers market and
\nthe establishment of FMDQ Clear, the first Central Clearing House in Nigeria, providing efficient post-trade
\nworkflows to ensure settlement finality; and the launch of the FMDQ Academy to support the OTC
\nExchange\u2019s financial markets education drive for its stakeholders as well as FMDQ Next Generation Financial
\nMarket Empowerment Programme (FMDQ-Next) \u2013 a learning and development initiative targeted at
\nstudents across all levels (primary, secondary and tertiary), as well as fresh graduates, within the country;
\nand finally, the recent hosting of the British Prime Minister, Theresa May, which followed the move to our
\nnew business complex, Exchange Place, FMDQ has steadily continued to impact development of the markets
\nand by extension, the Nigerian economy.<\/p>\n

She further stated that \u201cin all of this, however, we recognise that the achievements over these past years
\ncould not have happened without the immense support and commitment shown by our world of
\nstakeholders \u2013 from the regulators to our esteemed Members and other players in the Nigerian capital
\nmarket \u2013 and during this week as we reflect on all that has brought us this far, we are desirous of
\nacknowledging the collective feats achieved by us all within this period. Looking forward to our next five (5)
\nyears, we remain unyielding in our commitment to continue to accelerate in our innovative capabilities to
\nprovide unrivalled solutions that will aid the development of the Nigerian financial market in order to
\ntranscend it to international standards.\u201d<\/p>\n

Launched as an over-the-counter (OTC) market and self-regulatory organisation, FMDQ has steadily deployed
\nproduct innovation and market development initiatives as well as provided the requisite market connectivity
\nand architecture needed to transform the markets within its purview.<\/p>\n

The OTC Exchange is swiftly evolving
\nfrom a market organiser – driving market development and promoting transparency in the fixed income,
\ncurrencies and derivatives markets – to fully integrated and diversified exchange, impacting not only the
\nfinancial markets landscape, but also fostering economic through its four (4) strategic roles as a market
\norganiser; an adviser to financial services regulators; a financial markets diplomat promoting the positive
\ntenets of Nigeria; and very important, a catalyst for unlocking the much-needed infrastructure capital in
\nNigeria.<\/p>\n

Determined not to rest on its laurels, FMDQ will continue to challenge the norm and explore new frontiers
\nin fulfilment of its mission to empower the financial markets to be innovative and credible, in support of the
\nNigerian economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u2026Set To Host Maiden Gold Awards For The Fixed Income, Currencies And Derivatives Markets In what became a much-talked about market event, the Nigerian financial market regulators, architects and founding treasurers, subject-matter experts and indeed, a host of other domestic and international stakeholders gathered to witness the launch of a game-changing market infrastructure, FMDQ OTC …<\/p>\n","protected":false},"author":6,"featured_media":16295,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[1189],"coauthors":[2391],"class_list":["post-27953","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-fmdq"],"yoast_head":"\nFMDQ Commemorates Its Fifth Year Anniversary - 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