BEVERLY HILLS, April 02, (THEWILL) – FMDQ Group has concluded plans to hold a Derivatives Market Webinar for capital market journalists under the aegis of Capital Market Correspondents Association of Nigeria (CAMCAN).
The Webinar is coming ahead of the launch of the FMDQ Derivatives Market announced last year to drive FMDQ Group’s vertically integrated status.
Announcing the training programme scheduled for April 6, 2021, FMDQ Group said that the Derivatives Market Webinar themed “Understanding Exchange Traded-Derivatives Market”, is to enhance the capacity of the participants in reporting the Derivatives Market.
It is being executed through its financial market education and capacity building initiative, FMDQ Academy.
The Group further explained that the Webinar has been specially tailored for CAMCAN to serve as continuation of the first stream conducted in 2019.
It stressed that the objective is to equip the Capital Market journalists with the knowledge of the Exchange Traded Derivatives (ETD) market and products.
“The Webinar is aimed at upscaling the knowledge capacity of key stakeholders in support of the imminent launch of the FMDQ Derivatives Market.
“Considering the strategic role of the Capital Market Correspondent Association of Nigeria (CAMCAN) in the proposed FMDQ Derivatives Market, this Webinar has been specially tailored for CAMCAN.
“The objective is to equip CAMCAN journalists with knowledge of the Exchange Traded Derivatives (ETD) market and products, give an overview of the ETD market operations; the participants/players and an update on FMDQ Derivatives Market Development project.
“At the end of the webinar, participants would have a basic understanding of the terminologies and concepts in the ETD Market to aid the ease of reporting news and events in the Derivatives markets”, FMDQ Group said in a note to THEWILL.
The programme, it added, is meant to advance the strategy designed to facilitate the introduction of a standardized Derivatives Market in the Nigerian financial services system.
It noted that it is in line with FMDQ Group’s mission to empower the financial markets to be innovative and credible in support of the Nigerian economy and to enhance capacity of its market participants.
“These bespoke trainings, directed at different segments and participants of the Nigerian financial markets, are designed to address the diverse interests represented in the derivatives market and to provide a holistic understanding of the derivatives market”, the Group noted in a report.
It could be recalled that the first stream of the training series commenced in April 2019 at the FMDQ’s Exchange Place with the objective to introduce market participants to the key concepts, uses, and benefits of derivatives products, expanding knowledge on types and application of derivatives products, and derivative risk management principles.
CAMCN is a specialized group of business journalists covering the capital market with membership strength of over 60 – belonging to a hybrid of print, electronic and digital platforms.
Its chairman, Mrs Chinyere Joel-Nwokoma stressed that CAMCAN’s main objective is capacity building, then networking.
“The planned FMDQ Group’s Derivatives Market Webinar is very important to us and attendance is mandatory for all the members; absence is not anticipated not to talk of being tolerated”, she said at a CAMCAN forum announcing the April 6, training programme
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