GMEX Group Invests in Post-Trade Tech Firm

Global Markets Exchange Group International (GMEX Group) has taken a stake, through its GMEX Technologies (GMEX TECH) subsidiary, in UK based post-trade software company Avenir Technology (Avenir).

Avenir offers post-trade processing systems for clearing houses, exchanges and central securities depositories. Avenir’s offering includes AvenirSettle, a depository solution for managing physical settlement in securities, and AvenirClear, a central clearing system.

As part of the agreement, GMEX TECH will also act as the exclusive sales, distribution and delivery agent for Avenir’s products.

“This enables us to deliver a complete end-to-end market infrastructure eco-system solution for exchanges, trading venues, clearing houses and depositories globally across multiple asset classes including physical commodities”, says Hirander Misra, CEO of GMEX Group. Misra has also been appointed as a non-executive director of the Avenir board.