FMDQ commences Series II derivatives market training for stakeholders

FMDQ Securities Exchange Plc (FMDQ Exchange) activated the FMDQ Exchange Derivatives Market Development Project in 2018 to set the tone for and facilitate the launch of a standardised derivatives market in Nigeria by the Exchange.

 Critical to the success of this launch based on education and capacity building for all market stakeholders on how a derivatives market works and how other countries/climes have used this very important market to leapfrog their financial markets and support economic development in the long run.

Having successfully run Series I of the Derivatives Market Training for Stakeholders, FMDQ Exchange has commenced Series II of these training sessions through its learning and development initiative – FMDQ Academy – which seeks to address financial markets capacity building requirements for participants and other stakeholders in the FMDQ Exchange markets; allowing them to maximise the potential of these markets towards positively impacting development of the Nigerian financial markets.

To flag off Series II, FMDQ Exchange over the weekend hosted Capital Markets Correspondents Association of Nigeria (CAMCAN) – strategic partners to the reportage of FMDQ Exchange markets and the frontline ambassadors to the Nigerian financial markets – to a 2-day capacity training session.

The training provide a holistic understanding of Exchange-traded derivatives and associated products, to discussions on how the pioneer product championed by the Central Bank of Nigeria in close collaboration with FMDQ Exchange, the Naira-settled OTC FX Futures product works.

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