FMDQ Becomes A Full-fledged Securities Exchange in Nigeria
If you’re passionate about investing in bonds and the capital market, then this a good news for you.
FMDQ, a leading Over The Counter security transaction company in Nigeria has transisted from an OTC Market to a full-fledged Securities Exchange, having received the necessary approvals from the apex regulator of the Nigerian capital market, the Securities and Exchange Commission (SEC ). Consequently, the erstwhile FMDQ OTC PLC, also previously known as FMDQ OTC Securities Exchange, has now changed its name to FMDQ Securities Exchange PLC (FMDQ Exchange or the Exchange).
The Exchange, following due process, has activated and operationalised two (2) wholly-owned subsidiaries – FMDQ Clear Limited (FMDQ Clear) and FMDQ Depository Limited (FMDQ Depository), positioned to provide efficient post-trade services, amongst others, for the Nigerian financial market, thus making FMDQ a one-stop Financial Market Infrastructure (FMI) Group and an integrated platform to execute, clear and settle financial market transactions.Although I’m not recommending that you use the exchange, I would say FMDQ is a trusted and reliable company, having visited there office is July, 2019.
Having visited FMDQ in late July, 2019 I will say it’s a trusted and reliable company, nevertheless, I’m not recommending that you use the exchange or invest with them.
Always ensure you do your due diligence and consult professional advisors before investing your hard earn capital.
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