Markets
Become a NASD Market Operator
NASD operates with a network of licensed market participants. Apply below to be considered as a broker, dealer, registrar, custodian, or issuing house on the market.
Operator categories
The NASD market supports several participant categories.
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Broker / Dealer
SEC-licensed firms executing client orders and providing trading access to the NASD market.
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Registrar
Maintains the share register and supports corporate-action processing for admitted issuers.
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Custodian
Holds securities on behalf of investors and supports settlement and asset-servicing flows.
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Issuing House
Structures and manages admission and capital-raising transactions on behalf of issuers.
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N-DSP Participant
Specialist participant on the Digital Securities Platform — tokenisation, custody, or trading.
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Other / Partner
Service providers, market-data partners, or technology integrators serving NASD.
What you need before applying
A shortlist of materials our team will ask for.
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SEC registration
Active SEC Nigeria registration in the relevant capacity.
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Corporate documents
CAC certificate, recent annual return, and authorised signatories.
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Financial statements
Most recent audited financials and a statement of solvency.
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Operating policies
AML/KYC, risk, IT and business continuity policies.
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Key personnel
Names and CVs of designated principals and compliance officers.
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Application fee
See the Fees & Trading Hours page for the current schedule.
Operator application
Tell us about your firm and the category you are applying for. Fields marked are required.
Looking for the existing operator list?
See current NASD-registered brokers, dealers, registrars, and partners.