FMDQ Trains Stakeholders on Derivatives Market


As part of its strategy to foster the development of the Nigerian Derivatives Market, FMDQ launched the Derivatives Market Development Project to facilitate the introduction of a standardised Derivatives Market in the Nigerian financial market.

In line with its mission to empower the financial markets to be innovative and credible in support of the Nigerian economy and to enhance capacity of its market participants, the securities exchange commenced a Derivatives Market Training Series delivered by its Academy.

These bespoke trainings, directed at different segments and participants of the Nigerian financial markets, are designed to address the diverse interests represented in the derivatives market and provide a holistic understanding of the derivatives market ahead of the official launch of new products into the market.

The first stream of the training series commenced on April 29, 2019 at FMDQ’s Exchange Place with the objective to introduce market participants, including corporates, banks, securities dealers, pension fund administrators, assets/fund managers, insurance companies, amongst others, to the key concepts, uses, and benefits of derivatives products, expanding knowledge on types and application of derivatives products, and derivatives risk management principles.

The training sessions was facilitated by Mr Paul North, a renowned expert in derivatives and derivatives market and former Head of Education, London International Financial Futures and Options Exchange (LIFFE).

FMDQ said it will continue to empower its stakeholders and market participants on the workings of the derivatives market by equipping them with the essential knowledge and skills to successfully deploy plain vanilla hedging products for risk management in an increasingly complex business environment.

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