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  • About Us
    • Our History

      The company was incorporated on 24 November, 1997 with an authorised share capital of N15, 000,000 in shares of N1.00 each and increased to the statutory requirement of N20 million in 1998.. read more

    • Board Member

      board1

      The firm is Management Team is a team of diversely talented professionals. Our unique culture of dealing with clients’ business is fuelled by a true passion we have for what we dopioneering and innovative culture...read more

    • Management Team

      management team

      The firm is Management Team is a team of diversely talented professionals. Our unique culture of dealing with clients’ business is fuelled by a true passion we have for what we do

  • Services
    • Fixed Income Market

      Fixed Income Market Making (FIMM) is a platform that allows debt markets participants to trade NSE listed debt instrument issued by the Federal Government..read more

    • Retail Bond Market

      The NSE retail Bond trading platform for FGN Bonds, State and Corporate & AMCON bonds aims to offer retail investors an efficient and transparent access...read more

    • Financial Advisory

      We also provide Financial Advisory Services to our clients about investment and financing decisions. These services are provided at a nominal fee...read more

    • Securities Backed Credits

      We provide securities backed credits to our customers. These loans are given at prevalent interest rates obtainable from the market...read more

    • Fund Management

      At Mutual Alliance, we specialise in Fund Management using our experience in the Money and Capital Market, to ensure safety...read more

    • Dealer/Broker Services

      We execute buy and sell orders in the capital market. These orders are executed at the best price possible in the market..read more

    • Portfolio Managers

      We provide as Portfolio Managers/Advisers a research led investment decision input to enable our clients build up their capital...read more

  • Market Research
  • Media Center
  • Contact Us

Fixed Income Market

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.

The Broker/Dealers below have been selected by The Nigerian Exchange to perform the role of fixed income market makers:

  • Capital Bancorp Plc
  • Cordros Capital Limited
  • ESS/Dunn Loren Merrifield
  • FSDH Securities Limited
  • Greenwich Trust Limited
  • Investment One Stockbrokers (formerly GTB Securities)

You can read the e-brochures, FAQs and presentations below for more information:

e-Brochures

  • Fixed Income Market Making