10 January 2018
| James Pearce
Colt Technology Services has partnered with multi-asset exchange and post-trade technology provider GMEX Technologies to launch an exchange-in-a-box solution over its financial extranet.
The GMEX Exchange-in-a-Box solution is a multi-asset,
multi-language hybrid voice and electronic trading platform
aimed at investment banks, brokers, and trading venues. As part
of the collaboration, it will run of Colt’s global
Colt PrizmNet connects a global ecosystem of more than
10,000 market participants’ sites, offering
low-latency and near-real time network monitoring. It covers
firms in the US, Europe and Asia.
Andrew Housden, VP capital markets at Colt, commented: "We
are committed to supporting the requirements of financial firms
and providing them with a superior customer experience. That is
why we continue to invest in and grow the Colt PrizmNet
financial extranet, offering rapid and reliable access to
innovative providers such as GMEX."
He added, "We are delighted to be partnering with GMEX and
are perfectly positioned to support the requirements of GMEX
Exchange-in-a-Box users, to quickly and seamlessly tap into
The GMEX Exchange-in-a-Box provides both execution and
surveillance capability, addressing the growing demand from
market participants to segregate or create their own matching
systems by delivering Central Limit Order Book (CLOB) and
Request for Quote (RFQ) capability, alongside the latest
central counterparty (CCP) and central securities depository
(CSD) market infrastructure.
Hirander Misra, chairman of GMEX Technologies and CEO of
GMEX Group says, "This collaboration with Colt is an exciting
extension to our business model to deliver a unique trading
venue and post trade solution, bringing exchanges and their
participant’s access to a global network of
liquidity in partnership with key providers of both business
and technology expertise."