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Permitted Trading


Debt securities (e.g. bonds) listed on other recognised exchanges can benefit from the advantages of an FMDQ quotations service. For a modest fee, debt securities listed on other recognised exchanges can be quoted and traded on FMDQ, availing the securities access to the full complement of an FMDQ quotation, thereby benefitting from, among others, global visibility, transparency, secondary market liquidity and effective price formation.
Permitted Trading Status (PTS), which is the quotation of debt securities listed on other recognised exchanges on FMDQ’s OTC securities exchange, is granted on the basis of Rule 185 of the Securities and Exchange Commission (SEC) Rules and Regulation 2013. Pursuant to the provisions of the SEC Rule 185, the circumstance under which a debt security will be granted PTS is that the security must be registered and listed on a recognised securities exchange. As long as the security maintains its registration and listing statuses on its host securities exchange, it shall retain its PTS on the FMDQ platform.
If the security is delisted from the host securities exchange, it shall no longer be permitted to trade on the FMDQ platform. FMDQ has the absolute discretion to withdraw the PTS of any security on its platform as and when it sees fit
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