Deutsche Börse Acquires GMEX Group Stake
GMEX Group launched in August, planning to operate four markets for products that are moving from an over-the-counter (OTC) to exchange-traded status, including emerging contracts such as interest-rate swap futures. Deutsche Börse's stake was purchased for a figure in the "single-digit millions", according to GMEX.
"This investment in GMEX Group highlights our focus on using innovation to support the integrity and safety of the financial markets," says Andreas Preuss, deputy CEO at Deutsche Börse Group and CEO at Eurex. "The innovative business model provided by GMEX Group is the type of initiative the end users of the market want to see supported, to achieve this objective. Further, this extends our positioning in new products, including unique interest-rate swap futures contracts and the development of new market exchange segments, for a broad range of market participants in existing and emerging markets."
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