GMEX Group Shakes up Board Chairmanship, Adding Sandy Broderick

Global Markets Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (GMEX) Technologies, part of GMEX Group, has appointed Sandy Broderick as its newest non-executive director to its board, bringing over 25 years of experience in the industry to the role, according to a GMEX statement,

In addition to GMEX Technologies, GMEX Group also operates Global Derivatives Indices (GDI). Back in February, Societe Generale became the second investment bank to acquire a minority holding in GMEX Group.

Mr. Broderick most recently worked as the CEO of DTCC Deriv/SERV, garnering over two decades of derivatives experience in both trading and post-trade infrastructure. In his new role as the non-executive director, he will serve as the co-chairman of GMEX with co-chairman Lamon Rutten becoming the chairman of GMEX Technologies and Hirander Misra continuing as executive chairman of GDI.

According to Hirander Misra, CEO of GMEX Group, in a recent statement on the appointment, "Sandy Broderick's appointment to our Board joining Lamon Rutten is great news as it helps ensure we have added to existing high standards of governance and expertise as the various group businesses continue to grow.”

“In addition, Mark's position at the helm of the GDI Index Oversight Committee will ensure that GDI's indices have the potential to become the industry's most representative benchmarks of fair value and integrity for the interest rate Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term market," added Misra.