The Gateway to Algorithmic and Automated Trading

Misra and Angelo to launch new OTC derivatives MTF

First Published 12th August 2013

Global Markets Exchange Group announces new derivatives exchange initiative, James Davies appointed COO

Hirander Misra, CEO, GMEX Group

London - Hirander Misra and Vj Angelo have announced the co-founding and launch of Global Markets Exchange Group International (GMEX Group).

GMEX Group offers an exchange model which it says will address recent financial reforms and increasing regulatory requirements, providing positive and sustainable development in an ethical fashion in both developed and developing markets. Incorporating a suite of new products it intends to enable institutions to reduce costs to both balance sheet and margining, the latter of which addresses the need for reliable tradable global index benchmarks.

Hirander Misra, who was most recently a co-founder of the Chi-X Europe exchange, is appointed CEO and Vj Angelo, who has extensive experience in the Fixed Income OTC markets, is appointed President & MD. Further information regarding the initiative, which is at an advanced stage, including non-executive appointments, the launch schedule, partners, and specific product information, will be announced shortly. The co-founders wish to announce at this time the appointment of James Davies, former Head of Sales for Trayport, the GFI Group subsidiary, as COO. Mr. Davies brings a wealth of Exchange Traded Derivatives experience to his new role.

The GMEX Group has launched the exchange consulting, technology and index divisions with immediate effect, with authorisation pending from the UK Financial Conduct Authority to operate Global Markets Exchange Group Limited ("GMEX"), a wholly-owned subsidiary, as a Multilateral Trading Facility ("MTF").