Fledgling exchange this week announced BAML as a last minute backer
On Friday August 7 the futures market will
see a new player enter the fray, as the long-awaited European
futures exchange, GMEX, goes live with its interest rate swap
constant maturity future (CMF).
Following months of development, the firm
has built a strong base on which to launch, comprising a raft
of liquidity providers, clearers, trading firms and asset
managers, as well as securing a number of investors over recent
Even as the exchange sped to
Friday’s launch, development continued; as reported by FOW on Wednesday, GMEX saw a
last minute sign up this week, with Bank of America Merrill
Lynch joining the ranks.
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