Bonds Trading

Kakawa is a leading player in the Nigerian Bonds Market. We bring to bear on our trading activities the passion for excellence demonstrated by our milestones and accolades in the market. You can be rest assured of our commitment to provide solutions that will address your interests.

The PD/MM System

The Primary Dealer/Market Maker system was institutionalized to revive the hitherto moribund bonds market in Nigeria. Kakawa and fourteen other players were licensed to take up bonds at the primary market and actively trade these bonds at the secondary market. The bonds market has experienced huge success thus far and the regulators rely on Kakawa and other players to extend the frontiers of bonds trading in Nigeria.

The Two-Way Quote System

The Two Way Quote System is one that requires Banks to quote bid and offer prices and to deal on either regardless of its trading position. This is accepted as best practice internationally.
The Two Way Quote System has the potential of deepening the Nigerian Money Market. Firstly, it is a transparent means of trading, as players will be forced to show margins between their bid and offer rates. This reduces the likelihood of players making undue margins and forces the market to be competitive. Secondly, it creates a vibrant and liquid secondary market as players can buy and off load at anytime.