LONDON & CHICAGO--(BUSINESS WIRE)--Global Markets Exchange Group Limited (GMEX), which operates GMEX Exchange, and Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, are pleased to announce that Trading Technologies will provide its customers with access to GMEX when the exchange launches in Q2 2015. Connectivity through X_TRADER® will be available on day one of trading, while access through the next-generation TT platform will commence in Q3 2015.
All Trading Technologies customers will be able to enter orders and manage trades from the full suite of tools including Autospreader®, Autotrader™, and the ADL® visual programming platform for algorithmic trading, as well as TT's FIX and proprietary API solutions. In addition, X_TRADER users will be able to access GMEX liquidity through internally hosted gateways or TT's TTNET™ global hosting solution, including TT's MultiBroker offering.
Financial Markets Engineering (FME), a London based class leading proprietary trading company, is among the firm's supporting GMEX’s pioneering Interest Rate Swap Constant Maturity Future (CMF) contracts. Orders will be matched on the GMEX Exchange platform, with trade confirmation and clearing occurring at Eurex.
"We recognise Trading Technologies as a key liquidity facilitator for global futures trading and we are excited they have extended their network of exchanges to include GMEX Exchange for their clients from our launch,” said Hirander Misra, CEO of GMEX Group. “We are also delighted that FME has committed to support the market and we are currently in the process of signing up a multitude of buy side firms, banks and futures trading houses, to ensure liquidity,” he added.
“GMEX’s innovative products address a growing demand by professional traders for access to interest rate swap futures. We’re committed to providing our customers with access to the exchange on day one of trading,” said Rick Lane, CEO of Trading Technologies.
Julian Baker-Ward, the Founder of Financial Markets Engineering, commented, “FME is looking forward to being able to access and provide liquidity for the GMEX CMF at launch using TT. At FME, we pride ourselves on combining innovative trading solutions with cutting-edge technology to deliver exceptional returns and add value to the ever-changing markets.”
Global Markets Exchange Group Limited (”GMEX”) is authorised and regulated by the UK Financial Conduct Authority (FCA) to operate GMEX’s exchange. GMEX is a wholly-owned subsidiary of GMEX Group.
About GMEX Group
Global Markets Exchange Group International LLP (“GMEX Group”) is a group of companies that offer sustainable and innovative solutions for the new era of global financial markets, encompassing:
- Operation of an exchange for the trading of a Constant Maturity Future for Interest Rate Swaps
- Development of related new tradable market and product indices
- Creation and operation of low cost electronic exchanges in equities, debt, FX, derivatives and commodities in developing and, in a targeted way, developed markets
- Interconnectivity of exchanges to each other creating a global network of liquidity
- Business development to enhance liquidity in partner exchange products
- Consultancy on exchange strategy, product development, clearing and regulation
- Provision of exchange, clearing house and depository platform technology
GMEX Group stakeholders include Deutsche Börse AG, Societe Generale Corporate & Investment Banking and Forum Trading Solutions Limited through its investment vehicle.
For more information, visit www.gmex-group.com or follow us on Twitter @GMEX_Group
About Trading Technologies
Trading Technologies (http://www.tradingtechnologies.com, @Trading_Tech) develops and delivers professional trading software for a wide variety of users including proprietary traders, brokers, money managers, CTAs, hedge funds, and commercial hedgers and risk managers. TT provides access to 40 major international exchanges and liquidity platforms. Its recently unveiled next-generation trading platform, TT, uses the software-as-a-service (SaaS) delivery model to give users a fast, reliable, mobile solution that represents what’s next in the world of trading and technology.