Digital Realty and GMEX Technologies are launching new financial market interconnects in Digital Realty’s facilities, from early October. The first hub, in London UK, will connect with two African exchanges.
Digital Realty’s network enables GMEX Tech to create cloud-enabled points of presence (PoPs) for all global market participants, allowing easy access to the trading hub. The hub is also expected to drive enhanced easier data centre colocation from both established and new market participants.
Robert Bath, VP of global solutions at Digital Realty said: “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.”
Hubs planned in Chicago and Singapore
Two more hubs are planned in Chicago and Singapore, where Digital Realty has established communities. Since the hubs are based in Digital Realty’s own data centers the advantage of using the markets is that customers are able to expand beyond their own boundaries and can access a wider range of financial products such as securities, derivatives and commodities.
GMEX Tech will host servers running the various emerging market exchanges it already partners with globally in London. GMEX Tech will provide the latest central counterparty (CCP) and central securities depository (CSD) market infrastructure and offer this to customers as a managed service.