FMDQ strategises to tackle market volatility

FMDQ Holding Plc says that its outstanding performance in 2019 financial year was due to strategic initiatives implemented in its first strategic lustrum (2015 – 2019), which mitigated the impact of volatile market conditions.

Presiding over FMDQ Group Annual General Meeting, the newly-appointed Group Chairman of the Board of Directors, Dr. Kingsley Obiora, said FMDQ achieved a resilient performance amidst the challenging operating environment.

“2019 was a year of growth, expansion, and reorganisation for FMDQ, with the consolidation of its flagship wholly owned subsidiary, FMDQ Exchange, the second year of the operationalisation of its wholly owned subsidiary, FMDQ Clear, and the activation of another wholly owned subsidiary, FMDQ Depository, making significant progress in its bid to help de-risk the financial markets by constructing market infrastructures in all components of the capital market value chain, from pre-trade, trade to post-trade,” Obiora stated.

He further noted that through FMDQ Securities Exchange, the group admitted a total of 84 securities split across bonds, commercial papers, and funds from various sectors for listing and quotation, in addition to the registration of several CP programmes.

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