GMEX Technologies Teams Up with Digital Reality to Erect EM Trading Hubs

Digital Realty Trust, Inc. (NYSE: DLR), a global provider of colocation and Data Center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term solutions, has partnered with GMEX Technologies Limited to establish multiple hubs for new product exchanges, according to a GMEX statement.

The new agreement will see GMEX Technologies and Digital Reality foster a comprehensive unit of global hubs for trading venues in Digital Realty’s facilities – the inaugural hub will be based out of London at the Chessington data center.

Overall, the new arrangement will help bolster access to emerging markets (EM) securities from a centralized nexus. As such, market operators will be afforded the capabilities to expand beyond their respective geographical boundaries to access new markets across a broad spectrum of asset classes. These include among others, securities, commodities, derivatives and foreign exchange (FX).

The new London hub will be available as early as October 2015 with additional plans for hubs in Chicago and Singapore in the pipeline for 2016 – these respective hubs will aim to support Latin American (LATAM) and Asian markets.

According to Hirander Misra, CEO of GMEX Technologies and Co-Founder of GMEX Group, in a recent statement on the hub venture, “Building on our established capital markets expertise, this is an exciting extension to our business model of delivering true partnerships with exchanges in emerging markets, with the aim of bringing them to 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.”

“We can offer our cloud-enabled trading and clearing market infrastructure ecosystem paired with the best talent, connectivity, technology, operational excellence, and business expertise facilitated by the technical infrastructure provided by Digital Realty,” he noted.

“Our network platform, with interconnectivity to key market operators and communities across the globe, is what GMEX Tech needs in order to execute a trading hub of this nature. But more importantly, we’re able to provide a gateway for GMEX Tech to facilitate growth in emerging economies by forging stronger links to established financial ecosystems in Europe, and subsequently in the United States and Asia Pacific,” added Robert Bath, VP of Global Solutions at Digital Realty, in an accompanying statement.

Last week, GMEX Technologies made headlines after it entered into a strategic partnership agreement with the Central Asian Stock Exchange (CASE) via its GMEX Technologies subsidiary. CASE is based in the Republic of Tajikistan, with the country embarking on a number of sweeping initiatives and projects presently being propped up and supported by the European Bank for Reconstruction & Development (EBRD), Worldbank and Asian Development Bank (ADB) – one of the country’s paramount priorities is a revamped and transparent banking sector to entice new investors.