The FMDQ Derivatives Market Development Project has held a stakeholder education and sensitisation workstream on derivatives, which was designated and activated by FMDQ Securities Exchange Limited for investors and market participants.
“FMDQ Exchange, through the FMDQ Academy
franchise, kicked off a series of bespoke training sessions in April 2019.
“Since its inception, over 2,600
participants have benefitted from the training and they include Financial
Market Regulators, Financial Institutions, relevant Market Associations,
Corporates, Media Practitioners, etc.
“The training is specially designed to
address the diverse interests represented in the derivatives market and provide
a holistic understanding of the market ahead of the official launch of the FMDQ
Exchange- Traded Derivatives (ETD) market.
“For the year 2022, some of the themes
covered during the training include Understanding the ETD Market; Derivatives
Market Regulation and Market Documentation; Derivatives Trading, Clearing and
Market Operations; and Understanding FMDQ ETD Products.
In addition to the training, various
engagement sessions were held with key regulators in the industry including the
Central Bank of Nigeria to ensure the pivotal ETD market takes off on a sure
footing.”
To ramp up the capacity building programme,
FMDQ Exchange will on Thursday, June 23 and Friday, June 24, 2022, host another
webinar themed, “Derivatives Clearing Operations – Understanding the role of
the CCP and Clearing Members.”
The webinar, targeted at Treasury
Operations functions, Clearing Operations functions, Risk Management functions
of the banking sector, will introduce participants to the clearing operations,
role of the central counterparty (CCP) and Clearing Members in the FMDQ ETDs
market.
As a sustainable marketplace, these
training sessions are consistent with the Exchange’s mission to enhance
investor awareness of financial markets products. FMDQ Exchange will continue
to equip its stakeholders with the necessary tools to effectively utilise its
market to meet their investment goals, capturing opportunities and effectively
managing their risk exposures.
FMDQ Group is Africa’s first vertically
integrated financial market infrastructure (FMI) group, strategically
positioned to provide registration, listing, quotation and noting services;
integrated trading, clearing & central counterparty, settlement, and risk
management for financial market transactions; depository of securities, as well
as data and information services, across the debt capital, foreign exchange,
derivatives and equity markets, through its wholly owned subsidiaries – FMDQ
Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets
Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ
Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange –
positioned to lead the transition towards a sustainable future