FMDQ Holdings PLC on Wednesday announced it has changed its name to FMDQ Group PLC, effective February 2, 2022.
Launched as FMDQ OTC PLC in 2013, FMDQ Group has evolved over the years from an OTC Market to a full-fledged Securities Exchange, to a budding financial market infrastructure (FMI) Group, now structured as a Securities and Exchange Commission (SEC)-registered Capital Market Holding Company, warehousing five (5) wholly-owned subsidiaries, including FMDQ Securities Exchange Limited (Nigeria’s largest Exchange by Market Turnover – with an annual average of. $166 trillion), FMDQ Clear Limited (Nigeria’s only operating Central Counterparty – with over c. $60 billion derivatives contracts cleared), FMDQ Depository Limited (Nigeria’s integrated Securities Depository), FMDQ Private Markets Limited (Nigeria’s Private Capital Marketplace Organiser) and 1Qx Consult Limited (an Information Technology Services Company).
As a technology-enabled and systemically important FMI Group in Africa’s financial market landscape, FMDQ Group is strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, risk management for financial market transactions; and depository of securities; as well as data and information services, across the debt capital, foreign exchange, derivatives, and equity capital markets, through its wholly-owned subsidiaries.
This change of name is intended to better position the Group to consolidate on its Vision “To be the leading African builder of ecosystems of financial infrastructure and services for markets”.
As a valuable stakeholder of FMDQ Group and the Nigerian financial markets, this update on our change of name is for your information and records.
Please note that there are no changes to our business operations, governance structure, corporate structure, or any other aspect of the business, as a result of this name change.
We are excited about the opportunities in 2022 and beyond, and with your continued support and collaboration, we remain committed to facilitating the transformation of our financial markets to become “GOLD” (Globally Competitive, Operationally Excellent, Liquid and Diverse).
