GMEX Group: OTC brought on exchange

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A simpler, more cost-effective approach to interest rate trading

A Colt Prizmnet provider, the GMEX Group’s London-based Exchange provides exchange traded products that can be used in the same way as OTC products. In particular, its pioneering Interest Rate Swap Constant Maturity Futures (IRS CMFs) reduce the cost and complexity of trading and hedging interest rates.

An alternative to traditional IRS swaps, the GMEX product offers buy-side firms effective hedging strategies and new trading opportunities. Sell-side firms benefit from a product that’s priced like a swap and traded like a future, with increased margin efficiency.

GMEX participants can connect to GMEX data centres via the Colt PrizmNet financial extranet to receive market data and route IRS CMF orders. Orders in the product are matched on GMEX’s platform and centrally cleared by Eurex.

In addition to operating its own exchange, GMEX partners with other exchanges — often in emerging markets — providing them with trading platform technology and expertise. Colt’s financial extranet enables connectivity to these platforms when they’re hosted in GMEX data centres or at other facilities served by Colt PrizmNet.

Our partnership brings together GMEX’s unique IRS CMF product and the extensive reach of Colt PrizmNet. Via Colt’s financial extranet, a worldwide ecosystem of 10,000 capital markets participants’ sites can connect to our exchange and take advantage of a simpler, more cost-effective way of trading interest rates.

 

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