The FMDQ OTC on Tuesday said that it recorded N105.37 trillion in the nation’s amount of trading in over-the-counter (OTC) transactions for the nine months ended September, 2015.
This is contained in a data issued by the company and made available to the News Agency of Nigeria (NAN) in Lagos.
Statistics from the company for the period under review showed that transactions appreciated by 11.48 per cent compared with N93.89 trillion posted in August.
NAN reports that the amount included transactions in over-the-counter market for foreign exchange comprising of Treasury Bills (TBs), bonds and money market derivatives, among others.
The company recorded N104 trillion worth of transactions in 2014.
A breakdown of the transactions indicated that TBs was the most active, accounting for N35.98 trillion against N31.74 trillion recorded in August.
It was trailed by foreign exchange with N21.59 trillion against N19.84 trillion recorded in August, while the Federal Government bond traded N6.92 trillion from N6.06 trillion in August.
It was trailed by foreign exchange derivatives, which accounted for N5.91 trillion compared with N5.54 trillion in August.
The report stated that FMDQ Listings and Quotations, during the period, admitted the listing of the ₦30 billion Fidelity Bank bond on the heels of circa ₦72.04bn corporate bonds listed on its platform.
It said that the bank listed ₦30 billion 16.48 per cent subordinated unsecured fixed rate bond.
It also noted that the listing would provide the bond with the necessary visibility and transparency, typical of a thriving and globally competitive debt capital market.
The report added that listing of debt securities on FMDQ would improve secondary market liquidity, price formation and benchmark pricing to listed securities. (NAN)
Source : Leadership