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Quest 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 across fixed income, currencies, and treasury markets.
Our FICT Systems
We provide clients with the capacity to trade currencies, government and corporate fixed-income securities, and soft commodities financing products. Two major systems administer these solutions: the PD/MM System and the Two Way Quote System.
Senior dealers work alongside quantitative and macro research, so clients get more than a bid/offer — they get a view, with daily commentary, tactical trade ideas, and disciplined risk frameworks as part of the relationship.
The Systems Behind Our Desk
The PD/MM System
Established to revitalise Nigeria’s bond market, the Primary Dealer/Market Maker framework grants licensed institutions direct access to the primary market and the responsibility to actively trade bonds in the secondary market.
As a PD/MM, Quest participates directly in CBN auctions and maintains continuous two-way pricing — giving clients tight spreads and reliable execution across the sovereign curve.
The Two Way Quote System
Under this system, banks are required to provide both bid and offer rates, creating transparent trading through visible margins and reducing opportunities for market manipulation.
Continuous buying and selling obligations foster a vibrant secondary market, and clients benefit from consistent liquidity across treasury bills, bonds, and FX.
Our FICT Options
First-rate services leveraging institutional knowledge, client relationships, and expertise in fixed income as a CBN-appointed Primary Dealer and Market Maker for money market instruments.
A major player in Nigeria’s bond market, committed to providing tailored solutions across FGN, sub-national, and corporate bond issuances in the primary and secondary markets.
A comprehensive suite of foreign exchange products and services, including favourable rates on foreign currency deposits, spot, and forward transactions.
Short-term funding and investment instruments, including Bankers’ Acceptances and commercial papers, designed to help institutions manage liquidity efficiently.
Connect With a Relationship Manager
Our world-class team will partner with you to fully understand your requirements and create a customised solution for your brighter future.
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