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Exchange, NGCL to create standardised derivatives market

Ahead of the planned launch of Exchange Traded Derivatives (ETDs) in the Nigerian capital market, the Nigerian Exchange Limited (NGX) and NG Clearing (NGCL), on Wednesday, engaged the Trading License Holders (TLHs) on how to create a standardised ETDs market

At the session, the Divisional Head, Trading Business, NGX, Jude Chiemeka said in its quest to be Africa’s preferred Exchange hub, the NGX recognises the importance of a well-developed derivatives market and has worked assiduously to build the regulatory, technology framework, and competence required to support the launch of a world-class ETDs market.

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