Thursday, July 2, 2015 1:30pm / Press Release
As part of its commitment to improve transparency, liquidity and credibility in the Nigerian over-the-counter (OTC) markets, FMDQ OTC PLC (FMDQ) is pleased to announce the debut of the maiden edition of its monthly report for the OTC markets titled “OTC Monthly”.
OTC Monthly, a Report generated by the Research Group of FMDQ, is an analytical summary of the trading activities and trends in the various segments of the Nigerian OTC markets (FX, Treasury Bills, Bonds, Buy-Backs, Repurchase Agreements and Money Market), providing an overview of the major occurrences in the markets within the review period.
OTC Monthly, published in the second week of every month and accessible via the Research Menu of FMDQ’s website, is a must-read for anyone interested in getting a quick summary of the Nigerian OTC markets. This value-driven Report is of immense benefit to all financial markets stakeholders including regulators, securities exchanges, financial market analysts, capital market operators, traders, dealers, investment bankers and the general public.
Positioned as a change agent for the transformation of the Nigerian OTC markets, FMDQ, a securities exchange and self-regulatory organisation (SRO) registered with the Securities and Exchange Commission (SEC) fosters the development of the OTC markets by providing market infrastructure, liquidity, governance, credibility and transparency with a view to protecting users and investor interests.
With its mission ‘to empower the financial markets to be innovative and credible in support of the Nigerian economy’, FMDQ is continually driving initiatives to promote high level of transparency in the markets under its purview – fixed income, foreign exchange and derivatives. As part of its key service mandate, the securities exchange is committed to availing market participants with top quality research information and data.
Click to view the maiden OTC Monthly