Erstwhile FMDQ OTC PLC, also previously known as FMDQ OTC Securities Exchange, has now changed its name to ‘FMDQ Securities Exchange PLC (FMDQ Exchange or the Exchange)’.
“We are pleased to announce that following the approval of the Securities and Exchange Commission (SEC or the Commission), our Company has transitioned from ‘an OTC Market’ to a full-fledged ‘Securities Exchange’”.
The management in a release said: “Furthermore, the Exchange has activated and operationalised two (2) wholly-owned subsidiaries – FMDQ Clear Limited and FMDQ Depository Limited – both positioned to provide efficient post-trade services, amongst others; making FMDQ a one-stop Financial Market Infrastructure (FMI) Group and an integrated platform to execute, clear and settle financial market transactions.
“Consequently, a new Logo is being unveiled today (Monday, August 5, 2019) for the FMDQ Entities – FMDQ Exchange, FMDQ Clear, and FMDQ Depository – replacing each of the individual identities. The logo and other visual is attached for your use and is intended to replace all other representations of FMDQ going forward. “
Bola Onadele, FMDQ CEO