GMEX Technologies Ltd., a provider of multi-asset exchange and post-trade business and technology solutions, announced the launch of GMEX Fusion, a unique integrated centralized and distributed solution set.
GMEX was recently on the news for having partnered with digital notary Codel to improve data integrity and for having launched Vietnam’s first derivatives market.
GMEX Fusion comes in response to changing global market drivers and technical innovation, which led the company to combine the established GMEX centralized technology with the latest Blockchain technology. GMEX Fusion is a hybrid trading and post-trade solution for exchanges, clearing-houses, central securities depositories and electronic warehouse receipts operators, taking advantage of the inherent positive characteristics of both.
Hirander Misra, Chief Executive Officer of GMEX Group and Chairman GMEX Technologies, said: “We have created Fusion to address the increasing need for centralized and distributed technology to be implemented together. We are delivering the latest Blockchain technology integrated with advanced exchange trading, clearing, settlement and electronic warehouse receipts solutions to ensure that the current world of centralized systems and new world of distributed enablement can coexist in parallel as part of a unique game-changing hybrid paradigm.”
Edward Woodford, Chief Executive Officer of Seed, commented: “In collaboration with GMEX, Seed’s platform was built for professional traders in an industry where standards exist: FIX protocol, colocation, market surveillance, redundancy, and uptime. The current crypto trading eco-system suffers from fundamental issues including the lack of basic controls and redundancy, which leads to frequent flash crashes and system downtime. Seed was built to change this.”