Derivatives market: NSE to train compliance, operations officers

The Nigerian Stock Exchange has revealed plans to organise a derivatives workshop for officers as part of its commitment to improving the capacity of professionals in the Nigerian capital market.

The NSE said in a statement that the workshop was targeted at compliance officers and operations officers of dealing member firms and designed to provide participants with insights into the structure and operating requirements of the NSE derivatives market.

The statement read in part, “It will also provide them with an understanding of the potential of the market, as well as risk management and return enhancement benefits.

“A derivative is a contract between two or more parties whose value is based on an agreed-upon underlying financial asset (like a security) or set of assets (like an index).

“Common underlying instruments are bonds, commodities, currencies, interest rates, market indexes and stocks.”