FMDQ Securities Exchange Limited said it has trained over 2,600 market participants in three years in its bid to boost the knowledge of the Exchange-Traded Derivatives (ETD) market and drive investment in the asset class.
The Exchange in a statement said 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 ETD market.
The Exchange noted that it has held various engagement sessions with key regulators in the industry including the Central Bank of Nigeria (CBN) to ensure the pivotal ETD market takes off on a sure footing, while assuring that it would 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.
It said: “FMDQ Exchange, through the FMDQ Academy franchise, kicked off a series of bespoke training sessions in April 2019. Since inception, over 2,600 participants have benefited from the training and they include financial market regulators, financial institutions, relevant market associations, corporates, and media practitioners among others.
FMDQ Exchange, through the FMDQ Academy (the “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.
