Tech partners create data centre trading hubs
22 September 2015 Chessington, UK
Image: Shutterstock
Digital Realty Trust and GMEX Technologies have paired up to create several hubs for new product exchanges and trading venues.
Each hub will be located at an existing Digital Realty centre, starting with its Chessington data centre in the UK.
The new trading hub should allow established trading communities to access and trade emerging markets securities cost-effectively and securely. It is intended to allow market operators to expand beyond their own jurisdictions, creating opportunities to access more asset classes such as securities, commodities, derivatives and foreign exchange.
Through the partnership, GMEX will host the servers using Digital Realty’s locations. GMEX will also offer access to central counterparty (CCP) and central securities depository (CSD) market infrastructure as a managed service.
By using the Digital Realty network, GMEX can create cloud-enabled points of presence, allowing easy access to the hubs.
Hirander Misra, CEO of GMEX Technologies and co-founder of GMEX Group, said: “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.”
He added: “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.”
The UK hub is expected to be available from early October, while others in Chicago and Singapore are expected to be announced in 2016, supporting the Central and South American and Asian markets, respectively.
Each hub will be located at an existing Digital Realty centre, starting with its Chessington data centre in the UK.
The new trading hub should allow established trading communities to access and trade emerging markets securities cost-effectively and securely. It is intended to allow market operators to expand beyond their own jurisdictions, creating opportunities to access more asset classes such as securities, commodities, derivatives and foreign exchange.
Through the partnership, GMEX will host the servers using Digital Realty’s locations. GMEX will also offer access to central counterparty (CCP) and central securities depository (CSD) market infrastructure as a managed service.
By using the Digital Realty network, GMEX can create cloud-enabled points of presence, allowing easy access to the hubs.
Hirander Misra, CEO of GMEX Technologies and co-founder of GMEX Group, said: “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.”
He added: “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.”
The UK hub is expected to be available from early October, while others in Chicago and Singapore are expected to be announced in 2016, supporting the Central and South American and Asian markets, respectively.
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