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Follow on Google News | Deutsche Börse supports market innovation by acquiring a stake in GMEX GroupBy: GMEX With this step, Deutsche Börse is supporting innovation in new product concepts, some of which will enable institutions to reduce costs to both balance sheet and margining. “This investment in GMEX Group highlights our focus on using innovation to support the integrity and safety of the financial markets. 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.” said Andreas Preuss, Deputy CEO of Deutsche Börse Group and CEO of Eurex. “We are immensely pleased with this investment from such a strategically important global exchange partner and view this as a clear endorsement of our vision and business model, whilst maintaining our independence. We look forward to the broad input from Deutsche Börse Group, which can only serve to refine and improve the direction of our new exchange, to the benefit of financial derivatives traders and end users across the world. The global regulatory landscape is evolving quickly and we intend to establish GMEX Group as one of the most agile and capable providers in the space” said Hirander Misra, CEO of GMEX Group. -Ends- Media Contacts Deutsche Börse- Frank Herkenhoff ph: +49-(0) 69-2 11-1 15 00, frank.herkenhoff@ GMEX Group: Melanie Budden The Realization Group, ph: +44 (0) 7974 937 970 melanie.budden@ End
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