Midclear Taps GMEX Technologies for First CCP in Lebanon

[kreslik.news]

GMEX Group, a provider of multi-asset exchange trading, post trade business solutions and technology, today announced a partnership agreement with Beirut-based Midclear S.A.L., the custodian and clearing centre of financial instruments for Lebanon and the Middle East.

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Per the agreement, GMEX Technologies will provide its market infrastructure experience to create the first derivatives central counterparty (CCP) in Lebanon. This collaboration will tap GMEX’s AvenirClear product as the core system of the CCP, which will clear multiple derivatives asset classes including FX futures, Equity Index futures and options, and ... (read more)