Colt strikes financial services partnership with GMEX Technologies

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 PrizmNet extranet.

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 liquidity sources.”

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.”