(The following press release from Deutsche Boerse AG was received by
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Deutsche Boerse Group
Deutsche Börse supports market innovation by acquiring a stake in GMEX
Deutsche Börse AG today announced the purchase of a minority stake in
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,
original Interest Rate Swap Futures contracts, derivatives indices and
markets exchange business partnerships enabled by multi-asset trading
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.
“This investment in GMEX Group highlights our focus on using innovation to
support the integrity and safety of the financial markets. The innovative
business model provided by GMEX Group is the type of initiative the end
of the market want to see supported to achieve this objective. Further,
extends our positioning in new products, including unique Interest Rate
futures contracts and the development of new market exchange segments, for
broad range of market participants in existing and emerging markets.” said
Andreas Preuss, Deputy CEO of Deutsche Börse Group and CEO of Eurex.
“We are immensely pleased with this investment from such a strategically
important global exchange partner and view this as a clear endorsement of
vision and business model, whilst maintaining our independence. We look
to the broad input from Deutsche Börse Group, which can only serve to
and improve the direction of our new exchange, to the benefit of financial
derivatives traders and end users across the world. The global regulatory
landscape is evolving quickly and we intend to establish GMEX Group as one
the most agile and capable providers in the space.” said Hirander Misra,
Deutsche Börse: Frank Herkenhoff, ph: +49-(0) 69-2 11-1 15 00,
GMEX Group: Melanie Budden, The Realization Group: +44 (0) 7974 937 970
About Deutsche Börse
Deutsche Börse Group is one of the world’s leading service providers for
securities industry with a product and service offering for issuers,
intermediaries and data vendors. The Group covers the entire process chain
trading, through clearing, to settlement and securities custody.
Deutsche Börse offers market data, indices and analyses and is a service
provider for the development and operation of IT systems.
About GMEX Group
The GMEX Group launched the exchange consulting, technology and index
in August this year, with authorisation pending from the UK Financial
Authority (”FCA”) to operate Global Markets Exchange Group Limited
wholly-owned subsidiary, as a Multilateral Trading Facility (“MTF”). This
facilitate the launch of its Constant Maturity Futures (“CMF”) contract,
has been designed to address the complications for hedging interest rates
have been associated with the standard quarterly (March, June, Sept, Dec)
expiring futures contracts.
Global Markets Exchange Group International LLP is a group of companies
offer ethical, sustainable and innovative solutions for the new age of
financial markets, encompassing:
Creation and operation of low cost electronic exchanges in equities,
debt, FX, derivatives and commodities in developing and, in a targeted way,
Development of related new tradable market and product indices
Interconnectivity of exchanges to each other and to the GMEX London
based MTF creating a global network of liquidity
Trading of partner exchange products on GMEX in London and relevant
GMEX products on the partner exchange based on a revenue share model
Business development to enhance liquidity in partner exchange
Consultancy on exchange strategy, product development, clearing and
Provision of platform technology
Further information from Deutsche Boerse Group
is available under http://deutsche-boerse.com/press
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