GMEX Group takes stake in Avenir Technology

LONDON - Jan. 28, 2015 - PRLog -- Global Markets Exchange Group International LLP (GMEX Group) today announced that it has taken a strategic stake, through its GMEX Technologies Limited (GMEX TECH) subsidiary, in the UK based post-trade software firm Avenir Technology Limited (Avenir).

Avenir has developed a suite of innovative and cost effective systems for post-trade processing for exchanges, clearing houses, central securities depositories (CSDs) and share registrars across multiple assets classes including securities, derivatives and physical commodities.

Avenir’s first product is a share registry platform that is currently used by firms in the UK and New Zealand. Other products include AvenirSettle, a depository solution for handling physical settlement in securities as well as warehouse receipts for commodities markets and AvenirClear, a multi-asset central counterparty clearing system. With a focus on usability and using only open source components, Avenir software is delivered via the internet to computers, tablets and smartphones.

GMEX TECH will also be the exclusive sales, distribution and delivery agent for the Avenir product set. This compliments GMEX TECH’s existing suite of products delivered to exchanges globally, which include its leading edge ForumMatch exchange trading platform, ForumDetect market surveillance system and ForumTrader workstation. All of these solutions are delivered as a managed service or locally deployed.

“This strategic investment into Avenir will add post-trade solutions to the existing GMEX Technologies product range. This enables us to deliver a complete end-to-end market infrastructure eco-system solution for exchanges, trading venues, clearing houses and depositories globally across multiple asset classes including physical commodities,” said Hirander Misra, Chief Executive Officer of GMEX Group, who has also been appointed to the Avenir Board as a Non-Executive Director.

“Through this partnership with GMEX Group, Avenir intends to challenge the status-quo through innovative thought leadership.  The goal is to provide the industry with a solution that will break the mould of the legacy, expensive and difficult to maintain client/server based post-trade systems that the market currently suffers from,” said Stuart Turner, Director and Co-Founder of Avenir.

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About GMEX Technologies Limited

GMEX Technologies Limited (GMEX TECH) is a wholly-owned subsidiary of GMEX Group. GMEX TECH is provider of multi-asset exchange and post trade technology, which includes an FCA vetted high performance exchange trading system, through to a leading edge matching engine, market surveillance system, several front end trading platform options as well as clearing house and depository systems.

About GMEX Group

Global Markets Exchange Group International LLP (GMEX Group) is a group of companies that offer sustainable and innovative solutions for the new era of global financial markets, encompassing:

*   Operation of an exchange for the trading of a Constant Maturity Future for Interest Rate Swaps, subject to FCA approval
*     Development of related new tradable market and product indices
*    Creation and operation of low cost electronic exchanges in equities, debt, FX, derivatives and commodities in developing and, in a targeted way, developed markets
*   Interconnectivity of exchanges to each other creating a global network of liquidity
*     Business development to enhance liquidity in partner exchange products
*  Consultancy on exchange strategy, product development, clearing and regulation
*     Provision of exchange, clearing house and depository platform technology

GMEX Group stakeholders include Deutsche Börse AG and Forum Trading Solutions Limited through its investment vehicle.

For more information, visit www.gmex-group.com

About Avenir Technology Limited
Avenir Technology is a new participant in Financial Market software, created by a group of industry professionals disillusioned with the high cost and inflexibility of legacy systems. Avenir has developed a suite of innovative and cost effective systems for post-trade processing for exchanges, clearing houses, central securities depositories (CSDs) and share registrars.

Using only open source components and with a focus on usability, Avenir software is markedly different to existing offerings.  It is delivered via the internet to computers, tablets and smartphones. It is easy to use with minimum training but contains all the features needed to effectively and safely operate the relevant infrastructure.

Avenir’s first product was a share registry platform that is currently in production in the UK and New Zealand. Other products include AvenirSettle, a solution for security settlement and AvenirClear, a multi-asset central counterparty clearing system.

Future development focus is on solutions for commodity markets, where its easy deployment should make it appealing for the many new markets that will be developing over the next few years.

For more information, visit www.avenir-technology.com (http://www.gmex-group.com/)