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FMDQ to honour outstanding market players
On Friday the 6th of November, the FMDQ Group, will publish the results of this year’s Gold Awards, which seeks to recognize the top players in the fixed income, currencies and derivatives markets in Nigeria. Kaodi Ugoji, Group Chief Operation Officer at FMDQ Group joins CNBC Africa for more.
Thu, 05 Nov 2020 11:36:07 GMT
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AI Generated Summary
- The FMDQ Group will honor exceptional market players in Nigeria's financial markets at the 2020 Gold Awards ceremony, recognizing contributions to competitiveness, excellence, liquidity, and diversity.
- Despite challenges posed by the COVID-19 pandemic and social unrest, market stakeholders displayed resilience and innovation, leading to key milestones in market development and regulatory approvals.
- The 2020 Gold Awards ceremony will unveil top performers across over 30 award categories, celebrating achievements in primary and secondary markets, as well as showcasing client and member initiatives that have propelled the industry forward.
The FMDQ Group is set to recognize and honor outstanding market players in Nigeria's fixed income, currencies, and derivatives markets at the 2020 Gold Awards ceremony. The event, scheduled for November 6th, aims to celebrate the exceptional work of top stakeholders who have contributed to the development and growth of the financial markets in the country. Kaodi Ugoji, the Group Chief Operating Officer at FMDQ Group, shared insights into the significance of the awards and what to expect at this year's ceremony.
The FMDQ Gold Awards, launched in 2018 to mark the organization's fifth anniversary, are part of FMDQ's Gold and Gender agenda. Gold stands for Global Competitiveness, Operational Excellence, Liquidity, and Diversity, reflecting how FMDQ assesses market performance and aims to enhance competitiveness on the global stage. Ugoji explained that the awards cover over 30 categories, recognizing market participants across primary and secondary markets, as well as FMDQ members and clients' choice. The selection process includes data-driven assessments and nominations and voting by members and clients.
In light of the unprecedented challenges brought by the COVID-19 pandemic and recent social unrest, Ugoji highlighted the resilience of the financial market and its participants. Despite the disruptions, market stakeholders demonstrated innovation and commitment, with initiatives to sustain market activities. Banks continued trading operations, issuers listed and quoted securities on the FMDQ exchange, and regulatory bodies introduced key rules and approvals to support market development.
Several milestones were achieved during the period, including the licensing of central counterparty rules on derivatives, and successful corporate bond listings on the exchange. These developments contributed to enhancing market liquidity and creating benchmarks across various sectors, such as natural gas, infrastructure, manufacturing, and telecom. Ugoji emphasized the positive momentum in the market and the collective efforts that drove progress despite the challenges faced throughout the year.
As anticipation builds for the 2020 Gold Awards ceremony, Ugoji hinted at exciting revelations and recognized the hard work and dedication of market players who will be rewarded for their contributions. While avoiding specific details to maintain suspense until the official announcement, Ugoji encouraged stakeholders to look forward to the publication of the winners and celebrate the diverse talents and initiatives that have shaped the financial markets in Nigeria.
In conclusion, the FMDQ Gold Awards present a platform to celebrate excellence, innovation, and resilience within Nigeria's financial markets. The ceremony serves as a testament to the dedication and collaborative spirit of market participants who drive growth and sustainability in the industry. Stay tuned for the unveiling of this year's top performers and initiatives at the highly anticipated 2020 Gold Awards ceremony.
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