GMEX Group separates exchange from technology business amid restructure

GMEX’s exchange business will spin-off from technology business as the Group undergoes restructure.

GMEX has announced a restructure of the Group that will see the technology business separated from the exchange.

Forum Trading Solutions is to merge with GMEX Technologies and operate under the GMEX Group following its recent 100% acquisition of the tech business.

It will still function as a multi-asset exchange and post-trade services and technology business, but the separation will allow the GMEX Tech business to focus on expanding partnerships with other global exchanges, GMEX explained.

GMEX’s Derivatives Indices will also be separated from the exchange and will be renamed with a new board in the coming weeks.

Hirander Misra, chief executive officer of GMEX Group, explained the Group is entering the next phase in its operational plans.

“By separating the Exchange and Technology businesses, the management and staff of each new entity will be better able to focus their expertise on the distinct businesses,” he said.