GMEX Launches Trading and Post-Trade Infrastructure Platform
- The platform has been developed using AWS Cloud.
GMEX MultiHub Limited (GMEX), which is a newly formed unit of the GMEX Group, announced on Wednesday the launch of Digital MultiHub, a cloud-enabled trading and post-trade digital market infrastructure platform.
The new platform is delivered through platform-as-a-service and facilitates 3rd party trading as well as post-trade services across traditional and digital asset markets.
It is providing global access to turnkey digital asset exchange, custody and governance solutions. Furthermore, it facilitates crucial services like credit allocation and checking, collateral management and margin trading, order routing, netting and settlement across multiple trading venues, custodians and participants.
“MultiHub is a unique multi-asset network of networks service that enables cross-venue, cross-participant trading, clearing and settlement of both traditional and digital assets with a single point of connectivity for both industries, which negates the need to integrate across venues,” said GMEX Group CEO, Hirander Misra.
“This complements our mission to cost-effectively drive the accelerated institutional take-up of digital assets by making it easier to trade, clear, settle and pledge them alongside traditional assets, heralding the new age of Exchange 4.0.”
Industry Standard Technology
MultiHub has been developed using the AWS Cloud, along with a development partner, Luxoft. Additionally, the company partnered with several other market participants that include Trustology, GCEX, SECDEX Group and Arabian Bourse.
“This marks a significant move in capital markets,” Alex Batlin, Founder and CEO of London-based digital assets custodian Trustology, said. “The GMEX MultiHub will drive digital transformation within the space and at the same time allows for accelerated Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and custody for institutional players as they get into or scale their digital assets activity.”
GCEX CEO, Lars Holst added: “I am now able to have a broader range of customers access our execution capabilities more efficiently and am able to convert that gain in velocity to an increase in Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term confidence for our partners and their customers within the GMEX MultiHub community.”
GMEX MultiHub Limited (GMEX), which is a newly formed unit of the GMEX Group, announced on Wednesday the launch of Digital MultiHub, a cloud-enabled trading and post-trade digital market infrastructure platform.
The new platform is delivered through platform-as-a-service and facilitates 3rd party trading as well as post-trade services across traditional and digital asset markets.
It is providing global access to turnkey digital asset exchange, custody and governance solutions. Furthermore, it facilitates crucial services like credit allocation and checking, collateral management and margin trading, order routing, netting and settlement across multiple trading venues, custodians and participants.
“MultiHub is a unique multi-asset network of networks service that enables cross-venue, cross-participant trading, clearing and settlement of both traditional and digital assets with a single point of connectivity for both industries, which negates the need to integrate across venues,” said GMEX Group CEO, Hirander Misra.
“This complements our mission to cost-effectively drive the accelerated institutional take-up of digital assets by making it easier to trade, clear, settle and pledge them alongside traditional assets, heralding the new age of Exchange 4.0.”
Industry Standard Technology
MultiHub has been developed using the AWS Cloud, along with a development partner, Luxoft. Additionally, the company partnered with several other market participants that include Trustology, GCEX, SECDEX Group and Arabian Bourse.
“This marks a significant move in capital markets,” Alex Batlin, Founder and CEO of London-based digital assets custodian Trustology, said. “The GMEX MultiHub will drive digital transformation within the space and at the same time allows for accelerated Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and custody for institutional players as they get into or scale their digital assets activity.”
GCEX CEO, Lars Holst added: “I am now able to have a broader range of customers access our execution capabilities more efficiently and am able to convert that gain in velocity to an increase in Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term confidence for our partners and their customers within the GMEX MultiHub community.”