Dunn Loren Merrifield Securities Limited was formed following the acquisition of ESS Investment and Trust Ltd in 2012 and the name change was approved by the relevant regulatory bodies. DLM Securities Limited is a dealing member of the Nigerian Stock Exchange (NSE) and registered by the Securities & Exchange Commission (SEC) as a Broker/Dealer.

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Focal areas include:

Equities Trading

Fixed Income Trading

“As a fixed income and equities market maker of the Nigerian Stock Exchange, we pride ourselves in providing proactive solutions that help shape execution strategies”.

The sales & trading team at Dunn Loren Merrifield work across a broad range of asset classes that aim to generate superior returns for our clients. Our client base already includes prominent institutional clients such as the PFAs, insurance companies, commercial and mortgage banks, asset managers and government agencies as they turn to DLM’s depth of talent, product range for sales and market- making services.

Dunn Loren Merrifield’s Institutional Equity division is a leader in the distribution and trading of equity, equity-linked products and the Fixed Income team deals with incredibly diverse products, including Sovereign and Sub Sovereign Bonds, Treasury Bills, Commercial Paper, Bankers’ Acceptances, Corporate Bonds, Asset Backed Securities (ABS), Residential Mortgage Backed Securities (RMBS) & Commercial Mortgage Backed Securities (CMBS) and Hybrid Instruments such as warrants and convertibles.

The sales function exists in all product areas at both retail and institutional levels. Our sales team help institutional clients to achieve their particular investment objectives. We provide clients with immediate access to other areas of the firm such as, our research department to enable the investors make timely and well-informed investment decisions.

Our services include but are not limited to, the following:

Trade Execution on the floor of the Nigerian Stock Exchange

Ensuring trades are executed at the best market price

Central Securities Clearing Systems Ltd (CSCS) and Registrar liaison where necessary.

Listing of new issuances on the NSE, NASD and FMDQ

Secondary market trading of equities and fixed income instruments

Efficient execution platform, market leading research support, competitive brokerage commission and proprietary tools ensure the increase in our efficiency in every aspect of the trading phase.

Receiving Agent to new issues, Stockbrokers to Primary Issues, Equity Portfolio Management Services

Key Milestones

2012

Appointed as one of the 10 Equity Market Makers on the Nigerian Stock Exchange.

2013

Appointed as one of the first 6 Fixed Income Market Makers on the Nigerian Stock Exchange.

2014

Appointed as the first indigenous brokerage firm by FMDQ (Financial Market Dealers Quotation) on the OTC platform.

2018

Obtained the Dealing Member (Specialists) license issued by the FMDQ OTC Securities Exchange.