News & Events

JUL 2023 NEWS Aluko & Oyebode

FMDQ Securities Exchange Limited, a wholly owned subsidiary of FMDQ Group PLC, has launched its Exchange-Traded Derivatives market (“FMDQ ETD Market“). The ETD market went live on 12 July, 2023 with thirty-six (36) contracts across two (2) products, Federal Government of Nigeria (FGN) Bond Futures and Standard FX Futures. This development aims to introduce exchange-traded risk hedging products to the Nigerian financial markets, as is obtainable in other developing and developed financial markets globally.

Exchange-traded derivatives (“ETDs“) are financial contracts that are tradable on exchanges. They have an underlying asset which can range from equity securities, bonds, commodities, currencies, etc. These financial contracts derive their value from the price fluctuation of these underlying assets. ETDs can be used to hedge exposure to financial market risks. Futures and options are two of the most popular ETDs.

FDMQ Launches Exchange-Traded Derivatives Market – Download Full Publication