FMDQ gets SEC’s approval as Nigeria’s premier Central Counterparty

The Nigerian financial markets recorded a novel and game-changing milestone following the successful registration of FMDQ Clear Limited (FMDQ Clear) by the Securities and Exchange Commission (SEC) on September 29, 2020 to become Nigeria’s premier Central Counterparty (CCP). As a critical and much needed Financial Market Infrastructure (FMI), this laudable achievement re-defines the landscape for financial transactions as we know it and introduces endless possibilities to the scope of permissible products that can be developed and deployed within the ecosystem towards delivering long-lasting prosperity to the Nigerian economy. The FMDQ…

Read more