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The Nigerian Stock Exchange
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Fixed Income Market Making
Equities
Bonds
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FGN Savings Bond
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FIXED INCOME MARKET MAKING
Fixed Income Market Making (FIMM) is a platform that allows debt markets participants to trade NSE listed debt instrument issued by the Federal Government, State Governments or Corporations on a transparent order book with firm orders. The objective of FIMM is to provide liquidity and transparency through an order book with firm orders, pre and post-trade reporting, clearing and settlement solutions.
There are two types of market making:
Quote-driven market making - only the bids and asks of market makers are displayed in the market. The orders of regular broker-dealers are not displayed.
Order-driven market making - all the orders of buyers and sellers are displayed in the market, showing the quantity and the price at which a buyer/seller is willing to trade.
Market Maker Application Form
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Operational Guidelines for Market Makers in Retail Bond Trading
