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Metropolitan Stock Exchange of India (MSE), the third national-level stock exchange, on Thursday announced its collaboration with London-based GMEX Group. The GMEX provides multi-asset exchange trading, post-trade technology and business solutions.
The collaboration is for product development in existing segments, launching new product categories, increasing focus on technological innovations and market infrastructure development for new products and project finance.
To add strategic depth to the relationship, GMEX will be investing 5 per cent equity stake in MSE.
“This collaboration will support the MSE strategy and vision of delivering innovation in products and technology. The new products will enable our key objectives to deepen and widen our capital markets and address the growing needs of the economy,” said Udai Kumar, MD & CEO, MSE.
“GMEX brings proven global expertise in the introduction of new exchange traded products and we are excited about the benefits from this collaboration,” he added.
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