Friday October 25 2013
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Deutsche Börse AG has announced the purchase of a minority stake in Global Markets Exchange Group International LLP (GMEX Group). The company paid a single digit million GBP sum for the stake. GMEX Group is a London based exchange business focused on the launch of a suite of new products, including original Interest Rate Swap Futures contracts, derivatives indices and emerging markets exchange business partnerships enabled by multi-asset trading technology.
With this step, Deutsche Börse is supporting innovation in new product concepts, some of which will enable institutions to reduce costs to both balance sheet and margining.
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