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FBNQuest Merchant Bank operates a highly motivated team of trading experts who apply state-of-the-art trading technologies to rapidly increase earnings for our clients.
We provide clients with unrivalled capacity to trade currencies, government and corporate fixed-income securities, as well as a comprehensive range of soft commodities financing products in these markets, allowing them to swiftly boost their earnings.
We rely on two major systems in administering our Fixed Income Currency Trading solutions;
The Primary Dealer/Market Maker system was established to revitalize Nigeria’s previously dormant bond market. FBNQuest Merchant Bank and 14 other players were granted license to purchase bonds in the primary market and actively trade them in the secondary market. The bonds market has seen tremendous success thus far, and regulators rely on FBNQuest Merchant Bank and other players to expand the boundaries of bond trading in Nigeria.
Banks are required by the Two Way Quote System to provide bid and offer rates and to trade on either regardless of their trading position. This is considered best practice on a global scale. The Nigerian Money Market could benefit from the Two Way Quote System. For starters, it is a transparent method of trading because participants will be required to show the margins between their bid and offer rates. This reduces the likelihood of players taking advantage of the market and forces it to be competitive. Second, it fosters a vibrant and liquid secondary market by allowing players to buy and sell at any time.
