GMEX and Colt partner to deliver Exchange-in-a-Box over Colt PrizmNet globally
Supporting MiFID II trading venue types and further expanding the GMEX Emerging Markets trading hub ecosystem
London. 10 January 2018. GMEX Technologies Ltd (GMEX), a subsidiary of GMEX Group and provider of multi-asset exchange and post-trade technology announced today that it has partnered with Colt Technology Services to deliver the GMEX Exchange-in-a-Box over the Colt PrizmNet financial extranet.
GMEX Exchange-in-a-Box is a multi-asset, multi-language hybrid voice and electronic trading platform providing both execution and surveillance capability for investment banks, brokers and trading venues. Addressing the growing demand from market participants to segregate or create their own matching systems, the solution delivers Central Limit Order Book (CLOB) and Request for Quote (RFQ) capability, alongside the latest central counterparty (CCP) and central securities depository (CSD) market infrastructure.
Supporting all major types of trading venues, including Recognised Investment Exchanges (RIE); Regulated Markets (RM); Multilateral Trading Facilities (MTF); Organised Trading Facilities (OTF); Systematic Internalisers (SI); and Swap Execution Facilities (SEF), the GMEX Exchange-in-a-Box helps trading venues comply with global and local financial regulations including MiFID II, European Market Infrastructure Regulation (EMIR) and Dodd Frank.
Given the global reach of Colt PrizmNet, this partnership will also accelerate the extension of the GMEX Emerging Markets trading hub ecosystem by connecting emerging markets exchanges to participants beyond their own geographical boundaries and enabling established trading communities to access and trade on emerging markets exchanges. Providing new opportunities for existing and new market participants to access a wider range of asset classes – including securities, commodities, derivatives and FX easily and cost-effectively.
Hirander Misra, Chairman of GMEX Technologies and CEO of GMEX Group says, “This collaboration with Colt is an exciting extension to our business model to deliver a unique trading venue and post trade solution, bringing exchanges and their participants access to a global network of liquidity in partnership with key providers of both business and technology expertise.”
Implemented as a fully managed, locally deployed or Software-as-a-Service (SaaS) solution, the Colt PrizmNet connects a global ecosystem of more than 10,000 market participants’ sites; proving firms with deterministic low latency; near real-time network monitoring and superior Service Level Agreements (SLAs). It enables reliable, consistent, and transparent content delivery to firms in the US, Europe and Asia.
Andrew Housden, VP Capital Markets at Colt, commented: “We are committed to supporting the requirements of financial firms and providing them with a superior customer experience. That is why we continue to invest in and grow the Colt PrizmNet financial extranet, offering firms rapid and reliable access to innovative providers such as GMEX.” He added, “We are delighted to be partnering with GMEX and are perfectly positioned to support the requirements of GMEX Exchange-in-a-Box users, to quickly and seamlessly tap into liquidity sources.”
GMEX Group is a set of companies that offer sustainable and innovative solutions for a new era of global financial markets. Providing business expertise, the latest technology, connectivity & operational excellence delivered through an aligned partnership driven approach. We use our extensive market infrastructure experience and expertise to create an appropriate strategic master plan with exchanges, clearing houses, depositories, registries and warehouse receipt platforms.
Our key business solutions enable the creation and operation of cost effective electronic exchanges and post trade infrastructure in multiple asset classes including equities, debt, FX, derivatives and commodities. We operate in both developing and developed markets through the establishment of cohesive business and technology ecosystems. GMEX offers the added benefit of interconnection to multiple partner exchanges, to create global networks of liquidity.
GMEX Group ensures a cohesive strategic direction is maintained and comprises of:
GMEX Technologies: provider of multi-asset exchange trading and post trade technology through a unique partnership driven approach.
GMEX Innovation: conducts R&D of technologically advanced new product solutions for exchange trading, clearing and settlement.
GMEX Services: provides strategic consultancy, implementing services & support for exchanges and market infrastructure providers.
GMEX Investments: enables selective seed and early stage strategic investments into market infrastructure and related FinTech companies.