Global Markets Exchange Group International LLP (GMEX Group) has become the latest member of the Swiss Futures and Options Association (SFOA), according to a GMEX statement.
The SFOA is a non-profit professional association aimed at promoting derivative financial instruments. In its latest bid to expand membership to include new markets with innovative products, the SFOA has added GMEX group, adding to its already rich and diverse composition.
Presently, the SFOA’s global panel of members covers the full range of derivative market participants, encompassing buy-side, banks, brokers, futures trading houses and market infrastructure bodies. These include, among others, exchanges, vendors, regulators and market associations.
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According to Hirander Misra, CEO of GMEX Group, in a recent statement on the membership, “Joining the SFOA is part of our strategy to engage with a wider internationally diverse audience with emphasis on both developed and emerging derivatives markets aligning to GMEX Group’s core focus areas.
We look forward to highlighting the benefits of GMEX Exchange, with its pioneering interest rate swap constant maturity futures products (IRS CMF), to a global audience as well as helping to promote the partnership driven approach of GMEX Technologies when collaborating with emerging markets exchanges across the world on business and technology initiatives to drive their growth.”
“As the only truly independent international Association representing the derivatives markets and based in a neutral country, we are delighted to welcome GMEX as a member and look forward to GMEX playing an active role in the Association, adding to the high quality of discussion between members throughout the year but especially at the Burgenstock conference in September,” noted Dan Day-Robinson, Executive Director SFOA, in an accompanying statement.
Earlier this year, GMEX Technologies Ltd. (GMEX TECH), a subsidiary of GMEX, acquired a strategic stake in Avenir Technology Ltd following its development of post-trade capabilities. These included processing for exchanges, clearinghouses and central securities depositories (CSDs) via multiple asset classes including securities, derivatives and physical commodities.
GMEX Group is a group of companies collectively offering sustainable and innovative solutions for global financial markets. The group covers a variety of asset classes including futures, equities, fixed income, and foreign exchange (FX).