Digital Realty Trust and GMEX Technologies Limited (GMEX Tech) will establish multiple global hubs for new product exchanges and trading venues in Digital Realty’s facilities. The first hub will be located in London at Digital Realty’s Chessington data centre.
The London trading hub will enable established communities to access and trade emerging markets securities easily, cost-effectively, and securely from a central location. Market operators will be able to expand beyond their own geographical boundaries and provide new opportunities for market participants to access a wider range of asset classes - including securities, commodities, derivatives, and FX.
“Building on our established capital markets expertise, this is an exciting extension to our business model of delivering true partnerships with exchanges in emerging markets, with the aim of bringing them to liquidity,” commented Hirander Misra, CEO of GMEX Technologies and Co-Founder of GMEX Group. “We can offer our cloud-enabled trading and clearing market infrastructure ecosystem paired with the best talent, connectivity, technology, operational excellence, and business expertise facilitated by the technical infrastructure provided by Digital Realty.”
GMEX Tech will host servers running the various emerging market exchanges it partners with globally in Digital Realty’s London data centre. GMEX Tech will also provide the latest central counterparty (CCP) and central securities depository (CSD) market infrastructure and offer such as a managed service.
Digital Realty’s network ecosystem will enable GMEX Tech to create cloud-enabled points of presence (PoPs) for all current and future market participants across the world and enable easy access to the trading hub. The hub is also expected to drive enhanced data centre colocation utilization from both established and new market participants.
“Our network platform, with interconnectivity to key market operators and communities across the globe, is what GMEX Tech needs in order to execute a trading hub of this nature,” added Robert Bath, VP of Global Solutions at Digital Realty. “But more importantly, we’re able to provide a gateway for GMEX Tech to facilitate growth in emerging economies by forging stronger links to established financial ecosystems in Europe, and subsequently in the United States and Asia Pacific.”
The London hub will be available from early October 2015. Plans for additional hubs in Chicago and Singapore are expected to be announced in 2016 (supporting Central/South American and Asian markets respectively).