FMDQ Securities Exchange Limited, a platform that oversees FX trading in Nigeria, has announced revisions to the computation methodologies of its foreign exchange (FX) rate-fixing products.
Share
FMDQ Securities Exchange Limited, a platform that oversees FX trading in Nigeria, says it has made some changes to the computation methodologies of its foreign exchange rate-fixing products.FMDQ Exchange said the notice was in response to the global shift from a contribution-based model to a transaction-based model.of all segments of the forex exchange market by the Central Bank of Nigeria .
or the benchmark), and I&E FX window spot rates to effect a transition from the current contributions-based model to a transactions-based modelConsequently, FMDQ encouraged dealing members to continuously execute and, accurately and promptly report their FX market transactions during trading hours on the FMDQ-designated trading system to ensure representativeness and integrity of the benchmark.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Johnvents Group partners with Lagos Rice Company, reiterates commitment to the development of commodity exchange in Nigeria | TheCableBecomes the first and major distributor of Eko Rice Procures an initial batch of 5,000 bags of Eko Rice for distribution barely a year after supplying tons of quality paddy
Read more »
7 'Buhari mistakes' Tinubu must avoid making | TheCableI started writing this piece on May 17, 2023 -- two weeks before President Bola Tinubu was sworn into office. At the time, the title of...
Read more »
Lawyer to DSS: Continued detention of Bawa illegal | Release or charge him to court | TheCablePelumi Olajengbesi, an Abuja-based human rights lawyer, has faulted the continued detention of Abdulrasheed Bawa, the suspended chairperson of the Economic and Financial Crimes Commission (EFCC).
Read more »
Report: Nigeria, Angola now biggest oil drilling markets in sub-Saharan Africa | TheCableNigeria now has the largest drilling market this year, according to a report by Caverton Offshore Support Group (COSG).
Read more »
JUST IN: Journalists barred from covering senate plenary | TheCableThe sergeant-at-arms of the national assembly on Tuesday barred reporters from covering the plenary of the senate.
Read more »
The ministers Nigeria needs | TheCableThere has been so much talk of late about the ministerial appointments that President Bola Ahmed Tinubu is about to make. Given the fast-paced style of governance that he has
Read more »