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Gmex sees wider appeal after SocGen acquires stake

SocGen Prime Services takes a minority stake in Hirander Misra's Gmex group ahead of its exchange launch

Hirander Misra
Hirander Misra

The head of the Global Markets Exchange Group has said that his firm is seeing equity offers from both buy and sellside firms, after announcing that Societe Generale Prime Services has acquired a minority stake.

The French bank's Prime Services division, formerly known as Newedge, joins exchange giant Deutsche Börse as the second finance firm to take equity in Gmex, led by former Chi-X co-founder and chief operating officer Hirander Misra.

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