Partnership will transform new markets and products' engagement with established market participants in existing financial locations
London, UK (Sep 22, 2015) - Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data centre and colocation solutions, and GMEX Technologies Limited (GMEX Tech), a provider of multi-asset exchange and post-trade technology, announced today that they will establish multiple global hubs for new product exchanges and trading venues in Digital Realty's facilities. The first hub will be located in London at Digital Realty's Chessington data centre.
The London trading hub will enable established communities to access and trade emerging markets securities easily, cost-effectively, and securely from a central location. Market operators will be able to expand beyond their own geographical boundaries and provide new opportunities for market participants to access a wider range of asset classes - including securities, commodities, derivatives, and FX.
"Building on our established capital markets expertise, this is an exciting extension to our business model of delivering true partnerships with exchanges in emerging markets, with the aim of bringing them to liquidity," commented Hirander Misra, CEO of GMEX Technologies and Co-Founder of GMEX Group. "We can offer our cloud-enabled trading and clearing market infrastructure ecosystem paired with the best talent, connectivity, technology, operational excellence, and business expertise facilitated by the technical infrastructure provided by Digital Realty."
GMEX Tech will host servers running the various emerging market exchanges it partners with globally in Digital Realty's London data centre. GMEX Tech will also provide the latest central counterparty (CCP) and central securities depository (CSD) market infrastructure and offer such as a managed service.
Digital Realty's network ecosystem will enable GMEX Tech to create cloud-enabled points of presence (PoPs) for all current and future market participants across the world and enable easy access to the trading hub. The hub is also expected to drive enhanced data centre colocation utilization from both established and new market participants.
"Our network platform, with interconnectivity to key market operators and communities across the globe, is what GMEX Tech needs in order to execute a trading hub of this nature," added Robert Bath, VP of Global Solutions at Digital Realty. "But more importantly, we're able to provide a gateway for GMEX Tech to facilitate growth in emerging economies by forging stronger links to established financial ecosystems in Europe, and subsequently in the United States and Asia Pacific."
The London hub will be available from early October 2015. Plans for additional hubs in Chicago and Singapore are expected to be announced in 2016 (supporting Central/South American and Asian markets respectively).
About Digital Realty
Digital Realty Trust, Inc. supports the data centre and colocation strategies of more than 600 firms across its secure, network-rich portfolio of data centres located throughout North America, Europe, Asia, and Australia. Digital Realty’s clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products. For more information about data centre solutions from Digital Realty, visit www.digitalrealty.com. Follow us on Twitter at @digitalrealty or our LinkedIn Page, and read our blog at blog.digitalrealty.com.
About GMEX Technologies Limited
GMEX Technologies Limited (GMEX Tech) is a wholly-owned subsidiary of GMEX Group. GMEX Tech is a provider of multi-asset exchange and post-trade technology, which includes an FCA vetted high performance exchange trading system, through to a leading edge matching engine, market surveillance system, several front end trading platform options as well as clearing house and depository systems.
About GMEX Group
GMEX Group is a group of companies that offer sustainable and innovative solutions for the new era of global financial markets, encompassing:
- Operation of an exchange for the trading of a constant maturity future for interest rate swaps
- Development of related new tradable market and product indices
- Creation and operation of low cost electronic exchanges in equities, debt, FX, derivatives and commodities in developing and, in a targeted way, developed markets
- Interconnectivity of exchanges to each other creating a global network of liquidity
- Business development to enhance liquidity in partner exchange products
- Consultancy on exchange strategy, product development, clearing and regulation
- Provision of exchange, clearing house and depository platform technology
GMEX Group stakeholders include Deutsche Börse AG, Société Générale Corporate & Investment Banking and Forum Trading Solutions Limited through its investment vehicle. For more information visit www.gmex-group.com or follow us on Twitter @GMEX_Group.
For Additional Information:
Marketing Director, EMEA
Digital Realty Trust, Inc.
+31 6 27 07 02 26
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to GMEX Technologies Limited, expected usage and benefits of the trading hubs, and expected timing and plans for implementation and expansion in Digital Realty's facilities. These risks and uncertainties include, amongst others, the following: the impact of current global economic, credit and market conditions; current local economic conditions in our metropolitan areas; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or developed properties or businesses; the suitability of our properties and data centre infrastructure, delays or disruptions in connectivity, failure of our physical infrastructure or services or availability of power; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development of properties; decreased rental rates, increased operating costs or increased vacancy rates; increased competition or available supply of data centre space; our inability to successfully develop and lease new properties and development space; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2014 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2015 and June 30, 2015. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.