FMDQ Transits To A Full-fledged Securities Exchange

Proshare

Wednesday, August 07, 2019   /05:06PM / By FMDQ / Header Image Credit: FMDQ

 

We are pleased to inform you of our Company’s transition 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 or the Commission). 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.

 
In view of the above, a new Logo has been unveiled, on August 5, 2019, for the FMDQ entities - FMDQ Exchange, FMDQ Clear and FMDQ Depository - replacing each of their individual identities. The new FMDQ Logo, whilst maintaining its vibrant colours – deep blue, depicting trust, confidence, depth and stability; bright gold, showing off passion, value, prestige, quality and prosperity; and a touch of cool grey, representing conservativeness, professionalism and sophistication, communicates FMDQ’s drive to “consistently move forward”.
 
As a stakeholder of FMDQ and the Nigerian financial markets, this update is for your information. Kindly update all records accordingly. We are excited about the opportunities ahead, and with your continued collaboration, remain committed to our transformation agenda and quest to align the Nigerian financial markets with global standards and best practices.


Proshare Nigeria Pvt. Ltd.

 

Related News

1.              FMDQ OTC Holds 7th AGM, Achieves 22% Turnover From Trading Activities in 2018 FY

2.             DMO Lists FRN Dual-Tranche $2.5bn and Triple Tranche $2.86bn Eurobond on FMDQ OTC

3.             British Deputy High Commissioner Lauds FMDQ For Its Role as An Innovative Financial Market

4.             Access Bank Lists Pioneer N15bn Nigerian Green Bond At FMDQ OTC

5.             FMDQ Admits Mixta Real Estate (Nigeria) PLC Bonds and Commercial Papers

6.             FMDQ Series II Roundtable Explores Role of Debt Market in Unlocking Nigeria’s Housing Sector

7.             Proshare Receives Special Recognition At The Inaugural FMDQ Gold Awards

8.            Stanbic IBTC Shines at FMDQ OTC Inaugural Gold Awards

 

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

 

READ MORE:
Related News
SCROLL TO TOP