Metropolitan Stock Exchange of India (MSE) and London-based GMEX Group have announced a new collaboration to develop technology-driven products to enhance the Indian capital markets.
The partnership is aimed at developing the Indian capital markets through enhancing existing market segments and launching new product categories, increasing focus on technology-led development and market infrastructure development for new products.
As part of the proposal, GMEX will also have the option to make an equity investment in MSE and its subsidiary, Metropolitan Clearing Corporation of India.
“This collaboration will support the MSE strategy and vision of delivering innovation in products and technology,” said Udai Kumar, CEO at MSE. “The new products will enable key objectives to deepen and widen our capital markets and address the growing needs of the economy.”
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