GMEX Technologies launches Trade Reporting Service for Derivatives in partnership with CoDiese

LONDON - Dec. 5, 2013 - PRLog -- GMEX Technologies (“GMEX TECH”), a wholly owned subsidiary of Global Markets Exchange Group International LLP (“GMEX Group”) today announced that it has launched Global Reporting Company Limited (“GRC”) in partnership with Paris based regulatory and market infrastructure advisory firm CoDiese.

GRC offers firms an end-to-end solution to address regulatory trade reporting requirements imposed by G20-led reforms to the derivatives markets with a focus on corporate and buy side client needs. These reforms are being enacted in Europe through the European Market Infrastructure Regulation (“EMIR”) and come into force on 12^th February 2014. They will require the mandatory reporting of both listed and OTC derivatives trades and apply to all types of market participants including corporate entities and investment managers.

GRC delivers a neutral fully outsourced service, that provides reporting tools, data mapping, process monitoring and connectivity to the trade repository. This adds value to the client by freeing them from the operational & regulatory watch burden whilst satisfying their regulatory reporting requirements.

“We have launched Global Reporting Company to provide corporate and buy side firms with an independent and cost effective solution to report their derivatives trades in conformance with incoming regulations.” said Hirander Misra, Chief Executive Officer of GMEX Group and Director and Co-founder of GRC.

"GRC provides a neutral reporting point from the end client to the trade repository whilst protecting business confidentiality," said Marie-Hélène Crétu, founding partner of CoDiese and Director and Co-founder of GRC. “This offers an easily accessible delegated service to satisfy mandatory derivatives trade reporting obligations,” added Sophie Langlois, founding partner of CoDiese and Director & Co-founder of GRC.

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About Global Reporting Company

Global Reporting Company (GRC) provides firms with a solution to address regulatory reporting requirements imposed by G20-led reforms to the derivatives markets with a focus on corporate and buy side client needs. These reforms are being enacted in Europe through the European Market Infrastructure Regulation (EMIR) and a second version of Markets in Financial Instruments Directive (MiFID II). GRC provides an effective, low touch solution allowing clients to:

*  Centralise their reporting obligations in a single point of access, simplifying the process and its monitoring

*  Protect their independence and the confidentiality of their trades and positions vis-a-vis counterparties

*  Benefit from operational support facilitating the administrative management of their derivatives business

*  Take advantage of a secure technical environment complying with market regulation

GRC is based on a robust technical platform provided by Global Markets Exchange Group International LLP (GMEX Group) through its GMEX Technologies Limited subsidiary (GMEX TECH) and is supported by CoDiese’s regulatory and financial markets expertise.

GRC is jointly owned by GMEX TECH and CoDiese.

For more information, visit www.globalreportingcompany.com

About GMEX Group

Global Markets Exchange Group International LLP is a group of companies that offer ethical, sustainable and innovative solutions for the new era of global financial markets, encompassing:

*  Operation of a Multilateral Trading Facility for the trading of a Constant Maturity Future for Interest Rate Swaps, subject to FCA approval

*  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 platform technology

GMEX Group stakeholders include Deutsche Börse AG and Forum Trading Solutions Limited through its investment vehicle.

For more information, visit www.gmex-group.com

About CoDiese

CoDiese is a strategic advisory firm offering solutions to market participants to address regulatory change across financial markets and their associated infrastructure. CoDiese combines global vision of the market dynamics and operational pragmatism to deliver solutions strictly adapted to the constraints and challenges facing its customers. In support of its resources, CoDiese can mobilise a network of specialists in France and abroad aligned to meeting customer needs as they seek to adapt their business models as a result of changing regulations.

For more information, visit www.codiese.com