Gmex takes stake in post-trade start-up

Gmex's chief executive Hirander Misra will join Avenir’s board as part of the deal

Hirander Misra, Gmex
Hirander Misra, Gmex

Global Markets Exchange Group, a fledgling derivatives exchange owned in part by Deutsche Börse, has itself taken a strategic stake in a UK-based post-trade specialist amid a regulatory push for risk management services.

Gmex said Wednesday that it had taken a stake in Avenir Technology, which provides technology for exchanges, clearing houses, central securities depositories and share registrars across multiple asset classes.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink