The GMEX group is seeking to do deals with emerging markets exchanges
The head of Malawi’s
Agricultural Commodity Exchange for Africa said he is seeking
links with other regional commodity exchanges following a
technology deal with GMEX and Avenir.
ACE has cut a deal with GMEX and Avenir to
issue, manage, trade, clear and settle warehouse receipts for
soft commodities across front office and post trade.
Møller, chief executive of ACE, told FOW the
investment would provide a basis to partner with local
exchanges including Zambia and Mozambique as well as developing
new products within the local market.
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