Financial Markets Dealers Quotations, an OTC securities exchange and self-regulatory organisation, has introduced ‘FMDQ e-Markets’, a technology initiative designed to suit the needs of different users (issuers, investors, regulators, etc.) in varying capacities.
The organisation, in a statement on its website, said it was desirous of being operationally excellent as driven by the FMDQ ‘GOLD’ (Global competitiveness, Operational excellence, Liquidity and Diversity) agenda for the development of the Nigerian markets.
It said the all-encompassing e-Markets sought to provide an avenue for debt capital, money and currency markets participation needs – from, but not limited to, those seeking price discovery through to membership registration; those actively trading, to those informing investment decisions, raising debt capital or keeping abreast with activities in the market.
“This initiative is well in line with our mission to empower the financial markets to be innovative and credible, in support of the Nigerian economy,” said FMDQ.
According to the statement, the e-Markets portal consists of sub-segments, which have been created as tools to enhance the efficiency of different activities in our market.
These sub-segments include e-Discovery, the online price discovery portal, providing online activity prices in the fixed income and currency markets; e-Registration, the online tool for membership, issuer, issue and eligible investors registrations; e-Subscription, the online tool for subscription to issues; e-MarketData, and e-Broker.
“Also being unveiled, as a sub-segment of the e-Markets is the first version of the “FMDQ e-Discovery” our price discovery portal. e-Discovery provides online activity information on the FMDQ fixed income and foreign exchange markets.
“This is in line with our commitment to be value-adding to our members and stakeholders in general, through the provision of market activity transparency. This valuable tool, e-Discovery, is available to only FMDQ Members at no extra cost,” said FMDQ.
Punch