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Gmex exchange adds new futures backers

HFT and technology vendor sign up with Hirander Misra's new exchange

Global Markets Exchange Group is gathering support among market participants ahead of its launch next quarter, with a high-frequency trading firm and a technology vendor becoming the latest groups to sign agreements with the new London-based exchange.

Financial Markets Engineering, a London-based HFT firm, will provide liquidity for Gmex's constant maturity futures product once GMEX launches in the second half of the second quarter this year, the exchange announced on Wednesday.

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