• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate Press Releases

Nigerian Stock Exchange releases draft rules for Derivatives market

Onome Ohwovoriole by Onome Ohwovoriole
December 27, 2017
in Corporate Press Releases, Markets
Nigeria Stock Exchange extends full suspension of Oando Plc shares

Oscar Onyema, Chief Executive Officer, Nigerian Stock Exchange

Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Stock Exchange, in line with its strategic objective to increase the number of asset classes traded on its platform, is working on introducing Exchange Traded Derivatives (ETDs) in the Nigerian capital market.

The Exchange does not currently have the requisite framework for the creation, listing, and trading of derivatives products.

Accordingly, the draft Derivatives Rules seek to create a regulatory framework for the aforementioned purposes. The framework will also regulate the activities of the trading members and other market participants in the Exchange Traded Derivatives market.
Consequently, The Exchange is proposing Rules for The Exchange’s Derivatives Market (“Derivatives Rules”)

RelatedStories

Stock market kicks off September in the red: ASI slips 0.15% amid declining trading volume 

Nigerian Stocks start July in red as All-Share Index slips 0.2%; Ellah Lakes leads daily volume 

July 2, 2025
Why did Legend Internet shares gain 32% in just one week? 

Why did Legend Internet shares gain 32% in just one week? 

June 16, 2025

Summary of the Draft Derivatives Rules

The draft Derivatives Rules are set forth in eight (8) chapters, which cover various broad areas namely: Definitions, General Provisions, Membership, Formation of Transactions and Trades, Trading Rules, Default Rules, Listing of Derivatives Products and Complaints and Enforcement.

The Definition chapter contains a list of terms that are to be construed in the context of The Exchange’s Derivatives Market, and are as used in the Derivatives Rules. These terms have specific usage within the Derivatives Market, and have been defined for clarity and to avoid any ambiguity of their usage.

The General Provisions chapter contains provisions relating to Fees and set-off, Set off, Currency of payment, Amendments, Limitations of liability and indemnity, No warranty, Indemnity, Confidentiality, Severability, Waiver, Governing Law and Arbitration.

The Membership chapter contains provisions on Types of Membership and Application, Membership Criteria, Members Clearing Arrangements Rules, Trading on behalf of Clients, Notification Requirements, Right to Audit, Prohibitions, Summary Access Suspension, Emergency Actions, and Termination of Membership.
Also, the chapter on Formation of Transactions and Trades contain provisions on Formation of Transactions, Transactions, Cleared Trades, and Transactions on Behalf of Clients.

The chapter on Trading Rules contains provisions on general requirements for trading in The Exchange’s Derivatives Market, Erroneous Orders, Reacceptance of Trades, Orders, Market Making and Market Maker Rules, Block Trades, Cancellation of Incorrect Trades, Trade Reporting Rules, Protests, Re-Acceptance, Daily Cash Settlement Price.

Also, the Default Rules contain provisions relating to Application of the Exchange Default Rules, Actions on a Declaration of Default, Calculation and certification of net amount, Notification to other Members and Co-operation with the Regulatory Authorities, Costs.

The chapter on Listing of Derivatives Products contains provisions on the requirements for listing of Derivatives Products, approval of an application for listing of Derivatives Products, as well as delisting.

The Complaints and Enforcement chapter contains provisions regarding how to deal with activity that breaches the Derivatives Rules, and disciplinary action to be taken in accordance with The Exchange’s Adjudication Process.

Here is a copy of the draft rules

Comments are to be submitted not later than the close of business on
Wednesday, 31 January 2018. Comments should be set forth in a WORD document attached to an electronic mail to Mr. Oluwatoyin Adenugba, Head, Rules and Interpretation Department of The Exchange at oadenugba@nse.com.ng

Please note that the draft Derivatives Rules are subject to the approval of the National
Council of The Exchange, and the Securities and Exchange Commission.


Follow us for Breaking News and Market Intelligence.
Tags: Exchange traded derivativesNigerian Stock Exchange
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

Stock market kicks off September in the red: ASI slips 0.15% amid declining trading volume 
Equities

Nigerian Stocks start July in red as All-Share Index slips 0.2%; Ellah Lakes leads daily volume 

July 2, 2025
Why did Legend Internet shares gain 32% in just one week? 
Company Results

Why did Legend Internet shares gain 32% in just one week? 

June 16, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

SEPLAT leads value as All-Share Index gains 0.56%, ABCTRANS and BETAGLASS shine 

June 12, 2025
Adverse effects of high-interest rate spreads on the Nigerian economy
Financial Services

Fidelity Bank threatens legal remedies over “malicious publication” concerning CEO’s share purchase 

May 24, 2025
Billionaire Femi Otedola’s brother, Rotimi sells N4.6 billion Geregu shares 
Billionaire Watch

Billionaire Femi Otedola’s brother, Rotimi sells N4.6 billion Geregu shares 

February 10, 2025
Atiku Abubakar
Energy

Atiku demands listing of NNPC on stock market amid alleged privatization of Warri, Kaduna refineries 

September 2, 2024
Next Post
Osagie Okunbor

Rivers State partners Shell on gas distribution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Williams Fatayo exits as CEO of Nigerian startup truQ over leadership dispute
  • NDLEA arrests drug kingpin, intercepts 722,875 opioid pills, cocaine in Lagos
  • Climate change threatens global data centres, may cause billions in damages—Report  

Follow us on social media:

Recent News

Williams Fatayo exits as CEO of Nigerian startup truQ over leadership dispute

Williams Fatayo exits as CEO of Nigerian startup truQ over leadership dispute

July 13, 2025
NDLEA arrests drug kingpin, intercepts 722,875 opioid pills, cocaine in Lagos

NDLEA arrests drug kingpin, intercepts 722,875 opioid pills, cocaine in Lagos

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics