Fmdq otc futures

settlement cycle for the trades executed in the following exchanges: i. The Nigerian Stock Exchange traded securities. ii. FMDQ Over The Counter (OTC) 

OTC Dealing – The critical market with many suppliers and market makers. Major participants include: – CBN – Authorised Dealers – Corporate and Retail End-Users Bureau-de-Change – The market for retail cash transactions; The Nigerian FX market offers various products including Spot, Forwards, Swaps, Options and Futures. FMDQ in a statement made available to newsmen noted that as the pioneer and sole seller of the naira-settled OTC FX Futures contracts, the CBN, having successfully sold a total value of circa $34.83 billion so far on FMDQ Securities Exchange Limited, made history with the landmark achievement following the launch of the product in June 27, 2016, to the relief of Nigerian corporates, foreign “FMDQ OTC Securities Exchange (FMDQ) will be the OTC FX Futures Exchange, organizing the smooth running of this market through its System, the FMDQ OTC FX Futures trading & reporting system and its A bond is a long term financial obligation (debt) of an entity e.g. Sovereign/State/Local Government, Agency, Corporate, Supra-national etc. The borrower promises to pay a specified sum of money periodically (coupon) as well as repay the principal at stipulated future dates. As the pioneer and sole seller of the Naira-settled OTC FX Futures contracts, the CBN, having successfully sold a total value of circa $34.83 billion so far on FMDQ Securities Exchange Limited, made history with the landmark achievement following the launch of the product in June 27, 2016, to the relief of Nigerian corporates, foreign portfolio

The FMDQ Exchange also has a thriving derivatives platform and plays a vibrant role in the trading of over-the-counter (OTC) FX futures. In 2016, the FMDQ, 

Furthermore, in its capacity as the OTC FX Futures Exchange and market organiser, FMDQ OTC Securities Exchange (FMDQ) has developed the OTC FX Futures Market Operational Standards (the “Standards”) which outline the eligibility criteria for transactions to gain access to the OTC FX Futures market and the attendant documentation requirements; duties and obligations of the transaction counterparties (i.e. CBN and Dealing Member (Banks) [“DMBs”]), clients, as well as the Clearing Agent CBN, FMDQ introduce Long-Dated OTC FX Futures Contracts for up to 5 Years Posted on: February 14, 2020 CBN, FMDQ introduce Long-Dated FX Futures Contracts now up to 5 Years FMDQ Daily Quotations List (DQL) includes USD/Naira products, Federal Government of Nigeria (FGN) bonds, Supra-national, Agency, State Government and Corporate Bonds, Nigerian Treasury Bills (T.bills) and other Money Market Instruments e.g. Commercial Papers. FMDQ Academy e learning hub. This course introduces you to the fundamentals of options, and how to recognize the principal classes and types, understand the terminology, how they are quoted in the market, and how their value changes with the price of the underlying asset and the other principal factors determining the premium. FMDQ Welcomes British Prime Minister During Official Visit to Lagos In the wake of a historic moment in the nation’s financial center, Lagos – the visit of the British Prime Minister – FMDQ OTC Securities Exchange (“FMDQ” or the “OTC Exchange”) was most honoured to play host to the British Prime Minister, Ms. Theresa May, […] Having conducted a feasibility study towards the introduction of various derivative products, FMDQ Exchange has initiated plans to roll-out, key interest rates and currency derivatives into the Nigerian financial markets. There are four main types of derivatives, namely – Swaps, Forwards, Futures, Options. The FX market is a market for trading and exchanging any currency pair. The value (price) of one currency in terms of another currency is known as the ‘foreign exchange rate’.

FMDQ Welcomes British Prime Minister During Official Visit to Lagos In the wake of a historic moment in the nation’s financial center, Lagos – the visit of the British Prime Minister – FMDQ OTC Securities Exchange (“FMDQ” or the “OTC Exchange”) was most honoured to play host to the British Prime Minister, Ms. Theresa May, […]

FMDQ OTC Securities Exchange acts as the OTC FX Futures Exchange, organising the smooth running of this market through its System, the FMDQ OTC FX Futures Trading & Reporting System, the OTC FX Futures Market Framework and FMDQ OTC FX Futures Market Operational Standards, serving to provide the requisite transparency and governance for the success of the market. The monthly FMDQ Spotlight Newsletter features summary updates on happenings at FMDQ Group. Read Now

As the pioneer and sole seller of the Naira-settled OTC FX Futures contracts, the CBN, having successfully sold a total value of circa $34.83 billion so far on FMDQ Securities Exchange Limited, made history with the landmark achievement following the launch of the product in June 27, 2016, to the relief of Nigerian corporates, foreign portfolio

FMDQ in a statement made available to newsmen noted that as the pioneer and sole seller of the naira-settled OTC FX Futures contracts, the CBN, having successfully sold a total value of circa $34.83 billion so far on FMDQ Securities Exchange Limited, made history with the landmark achievement following the launch of the product in June 27, 2016, to the relief of Nigerian corporates, foreign “FMDQ OTC Securities Exchange (FMDQ) will be the OTC FX Futures Exchange, organizing the smooth running of this market through its System, the FMDQ OTC FX Futures trading & reporting system and its A bond is a long term financial obligation (debt) of an entity e.g. Sovereign/State/Local Government, Agency, Corporate, Supra-national etc. The borrower promises to pay a specified sum of money periodically (coupon) as well as repay the principal at stipulated future dates. As the pioneer and sole seller of the Naira-settled OTC FX Futures contracts, the CBN, having successfully sold a total value of circa $34.83 billion so far on FMDQ Securities Exchange Limited, made history with the landmark achievement following the launch of the product in June 27, 2016, to the relief of Nigerian corporates, foreign portfolio The OTC forex futures market recorded about 25 per cent increase in the notional amount matured in February 2017 to $354m (from $266.17m), being the 9th naira-settled OTC forex futures contract, FMDQ Newsletter. FMDQ Collaborates with Proshare. FMDQ Set to Commence Listing of Short-Term Bonds. FSDH Merchant Bank CP Quoted on FMDQ. OTC FX Futures Market. CBN, FMDQ Launch Naira-settled OTC FX Futures Market. FX Spot Trading Standards. The Nigerian OTC FX Futures Market

The FMDQ Exchange also has a thriving derivatives platform and plays a vibrant role in the trading of over-the-counter (OTC) FX futures. In 2016, the FMDQ, 

A bond is a long term financial obligation (debt) of an entity e.g. Sovereign/State/Local Government, Agency, Corporate, Supra-national etc. The borrower promises to pay a specified sum of money periodically (coupon) as well as repay the principal at stipulated future dates. As the pioneer and sole seller of the Naira-settled OTC FX Futures contracts, the CBN, having successfully sold a total value of circa $34.83 billion so far on FMDQ Securities Exchange Limited, made history with the landmark achievement following the launch of the product in June 27, 2016, to the relief of Nigerian corporates, foreign portfolio The OTC forex futures market recorded about 25 per cent increase in the notional amount matured in February 2017 to $354m (from $266.17m), being the 9th naira-settled OTC forex futures contract,

13 Feb 2020 The central bank on Thursday offered naira-futures contracts for five-year The contracts trade on the FMDQ OTC Securities Exchange. FMDQ OTC PLC is the licensed operator of the FMDQ Over-The-Counter Market in Nigeria. FX OTC Futures Contracts Quotes as @ Jun. 8, 2017. 28 Nov 2018 This maturity brings the total value of matured Naira-settled OTC FX Futures contracts on FMDQ, since the inception of the market in June 2016,  17 Feb 2020 FMDQ in a statement made available to newsmen noted that as the pioneer and sole seller of the naira-settled OTC FX Futures contracts, the  The FMDQ Exchange also has a thriving derivatives platform and plays a vibrant role in the trading of over-the-counter (OTC) FX futures. In 2016, the FMDQ,